Bridgewater Associates LP Acquires 9,094 Shares of M/I Homes, Inc. (NYSE:MHO)

Bridgewater Associates LP grew its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 55.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,560 shares of the construction company's stock after acquiring an additional 9,094 shares during the quarter. Bridgewater Associates LP owned 0.09% of M/I Homes worth $3,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Donald Smith & CO. Inc. lifted its position in 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 worth $154,779,000 after purchasing an additional 65,771 shares during the period. American Century Companies Inc. raised its stake in M/I Homes by 2.4% during the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock worth $113,063,000 after acquiring an additional 20,055 shares in the last quarter. Franklin Resources Inc. raised its stake in M/I Homes by 2.3% during the fourth quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company's stock worth $91,402,000 after acquiring an additional 15,685 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in M/I Homes during the fourth quarter worth about $43,674,000. Finally, Royce & Associates LP raised its stake in M/I Homes by 42.5% during the fourth quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock worth $36,544,000 after acquiring an additional 81,964 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

M/I Homes Trading Down 0.3 %

MHO stock traded down $0.29 during midday trading on Wednesday, hitting $109.04. The stock had a trading volume of 91,333 shares, compared to its average volume of 297,725. The business has a fifty day moving average price of $114.20 and a two-hundred day moving average price of $135.63. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The firm has a market cap of $2.96 billion, a P/E ratio of 5.53 and a beta of 1.99. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.16 by ($0.18). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. On average, sell-side analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on MHO. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. StockNews.com raised M/I Homes from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Raymond James reiterated a "strong-buy" rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

M/I Homes 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.