M/I Homes, Inc. (NYSE:MHO) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP grew its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 126.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,600 shares of the construction company's stock after acquiring an additional 12,600 shares during the period. Two Sigma Advisers LP owned about 0.08% of M/I Homes worth $3,005,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Donald Smith & CO. Inc. boosted its holdings in shares of M/I Homes by 6.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock valued at $154,779,000 after buying an additional 65,771 shares in the last quarter. American Century Companies Inc. lifted its position in M/I Homes by 2.4% in the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock valued at $113,063,000 after acquiring an additional 20,055 shares during the last quarter. Franklin Resources Inc. boosted its stake in M/I Homes by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company's stock valued at $91,402,000 after acquiring an additional 15,685 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of M/I Homes by 8.4% in the 4th quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock valued at $46,134,000 after purchasing an additional 26,820 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of M/I Homes by 42.5% in the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock valued at $36,544,000 after purchasing an additional 81,964 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MHO. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Finally, Raymond James decreased their price objective on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 29th.

M/I Homes Price Performance

NYSE MHO traded down $0.48 during mid-day trading on Friday, hitting $106.57. The stock had a trading volume of 285,494 shares, compared to its average volume of 285,566. The company has a 50 day simple moving average of $108.93 and a 200 day simple moving average of $125.12. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 5.41 and a beta of 1.75. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The firm had revenue of $976.09 million during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the prior year, the business earned $4.78 EPS. The company's quarterly revenue was down 7.4% compared to the same quarter last year. Equities analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

About M/I Homes

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.