Marshall Wace LLP Purchases 5,535 Shares of M/I Homes, Inc. (NYSE:MHO)

Marshall Wace LLP increased its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,462 shares of the construction company's stock after purchasing an additional 5,535 shares during the period. Marshall Wace LLP owned 0.13% of M/I Homes worth $4,848,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Hennessy Advisors Inc. bought a new stake in shares of M/I Homes during the fourth quarter valued at about $43,674,000. Royce & Associates LP raised its stake in shares of M/I Homes by 42.5% during the fourth 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 in the last quarter. Raymond James Financial Inc. bought a new stake in shares of M/I Homes during the fourth quarter valued at about $10,672,000. Donald Smith & CO. Inc. raised its stake in shares of M/I Homes by 6.0% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock valued at $154,779,000 after purchasing an additional 65,771 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of M/I Homes by 34.1% during the fourth quarter. Barclays PLC now owns 169,796 shares of the construction company's stock valued at $22,574,000 after purchasing an additional 43,219 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Raymond James dropped their price target on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research report on Tuesday. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, StockNews.com cut shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

M/I Homes Trading Up 1.5 %

NYSE MHO traded up $1.62 on Wednesday, hitting $106.85. 280,798 shares of the company were exchanged, compared to its average volume of 285,583. The firm has a market capitalization of $2.90 billion, a P/E ratio of 5.42 and a beta of 1.99. The company's 50 day moving average price is $112.75 and its 200-day moving average price is $133.47. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

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