M/I Homes, Inc. (NYSE:MHO) Stock Holdings Lifted by Voloridge Investment Management LLC

Voloridge Investment Management LLC boosted its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 3,243.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 75,535 shares of the construction company's stock after acquiring an additional 73,276 shares during the quarter. Voloridge Investment Management LLC owned about 0.27% of M/I Homes worth $10,042,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in shares of M/I Homes in the 4th quarter valued at about $27,000. R Squared Ltd acquired a new position in shares of M/I Homes during the 4th quarter worth approximately $33,000. Aster Capital Management DIFC Ltd acquired a new position in shares of M/I Homes during the 4th quarter worth approximately $50,000. Steward Partners Investment Advisory LLC acquired a new position in shares of M/I Homes during the 4th quarter worth approximately $70,000. Finally, Jones Financial Companies Lllp acquired a new position in M/I Homes in the fourth quarter valued at approximately $80,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

MHO has been the topic of a number of research analyst reports. Wall Street Zen lowered M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Raymond James cut their target price on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th.

M/I Homes Stock Performance

NYSE MHO traded down $0.72 during trading hours on Friday, hitting $106.33. The company had a trading volume of 67,611 shares, compared to its average volume of 284,260. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The company has a market cap of $2.85 billion, a PE ratio of 5.40 and a beta of 1.75. The business has a 50 day moving average of $109.16 and a 200-day moving average of $125.86.

M/I Homes (NYSE:MHO - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $3.98 EPS 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 business had revenue of $976.09 million during the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the previous year, the company posted $4.78 earnings per share. M/I Homes's quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

M/I Homes Company Profile

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.