Northern Trust Corp Raises Stock Position in M/I Homes, Inc. (NYSE:MHO)

Northern Trust Corp raised its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 347,000 shares of the construction company's stock after purchasing an additional 26,820 shares during the period. Northern Trust Corp owned 1.25% of M/I Homes worth $46,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Two Sigma Securities LLC bought a new stake in shares of M/I Homes in the fourth quarter valued at about $773,000. Oberweis Asset Management Inc. boosted its position in shares of M/I Homes by 31.4% in the fourth quarter. Oberweis Asset Management Inc. now owns 58,200 shares of the construction company's stock valued at $7,738,000 after acquiring an additional 13,900 shares during the period. Price T Rowe Associates Inc. MD lifted its position in M/I Homes by 10.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,665 shares of the construction company's stock worth $2,615,000 after purchasing an additional 1,831 shares during the period. Dark Forest Capital Management LP bought a new stake in M/I Homes during the fourth quarter worth about $636,000. Finally, Hsbc Holdings PLC lifted its position in M/I Homes by 17.7% during the fourth quarter. Hsbc Holdings PLC now owns 23,745 shares of the construction company's stock worth $3,179,000 after purchasing an additional 3,571 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Performance

MHO traded up $4.31 during trading hours on Monday, hitting $113.56. The stock had a trading volume of 240,536 shares, compared to its average volume of 285,418. The company's fifty day simple moving average is $111.64 and its 200 day simple moving average is $130.20. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The stock has a market cap of $3.04 billion, a PE ratio of 5.76 and a beta of 1.75. 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 issued its 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 company had revenue of $976.09 million during the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.78 EPS. Equities analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Ratings Changes

MHO has been the subject of several recent analyst reports. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. StockNews.com downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Raymond James cut their price target on 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 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.