Advisors Preferred LLC Makes New Investment in M/I Homes, Inc. (NYSE:MHO)

Advisors Preferred LLC acquired a new stake in M/I Homes, Inc. (NYSE:MHO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,824 shares of the construction company's stock, valued at approximately $1,986,000. Advisors Preferred LLC owned about 0.05% of M/I Homes at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MHO. JPMorgan Chase & Co. raised its holdings in M/I Homes by 10.1% in the 1st quarter. JPMorgan Chase & Co. now owns 135,328 shares of the construction company's stock valued at $6,001,000 after acquiring an additional 12,383 shares during the last quarter. Raymond James & Associates raised its holdings in M/I Homes by 9.0% in the 1st quarter. Raymond James & Associates now owns 41,642 shares of the construction company's stock valued at $1,847,000 after acquiring an additional 3,425 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in M/I Homes by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 351,226 shares of the construction company's stock valued at $15,578,000 after acquiring an additional 4,106 shares during the last quarter. American Century Companies Inc. raised its holdings in M/I Homes by 21.3% in the 1st quarter. American Century Companies Inc. now owns 42,122 shares of the construction company's stock valued at $1,868,000 after acquiring an additional 7,390 shares during the last quarter. Finally, US Bancorp DE raised its holdings in M/I Homes by 10.6% in the 1st quarter. US Bancorp DE now owns 3,332 shares of the construction company's stock valued at $148,000 after acquiring an additional 318 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

M/I Homes Trading Up 1.3 %

M/I Homes stock traded up $1.58 during trading on Friday, hitting $125.78. The company had a trading volume of 519,785 shares, compared to its average volume of 269,204. M/I Homes, Inc. has a 1-year low of $58.93 and a 1-year high of $140.73. The company has a current ratio of 6.84, a quick ratio of 1.68 and a debt-to-equity ratio of 0.34. The company's 50 day simple moving average is $125.53 and its 200-day simple moving average is $112.63. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 7.75 and a beta of 2.13.

M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share for the quarter, missing the consensus estimate of $4.94 by ($1.28). M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. The company had revenue of $972.59 million during the quarter, compared to analyst estimates of $1.19 billion. As a group, analysts expect that M/I Homes, Inc. will post 16.35 EPS for the current fiscal year.

Insider Activity at M/I Homes

In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the transaction, the insider now owns 2,342 shares of the company's stock, valued at approximately $300,970.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wedbush downgraded shares of M/I Homes from an "outperform" rating to a "neutral" rating and set a $116.00 price target for the company. in a report on Monday, December 18th. StockNews.com upgraded shares of M/I Homes from a "hold" rating to a "buy" rating in a report on Monday, February 19th.

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.