Oberweis Asset Management Inc. Raises Stock Position in M/I Homes, Inc. (NYSE:MHO)

Oberweis Asset Management Inc. increased its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,200 shares of the construction company's stock after purchasing an additional 13,900 shares during the period. Oberweis Asset Management Inc. owned 0.21% of M/I Homes worth $7,738,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Donald Smith & CO. Inc. increased its position in shares of M/I Homes by 6.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock valued at $154,779,000 after acquiring an additional 65,771 shares during the period. American Century Companies Inc. increased its holdings in shares of M/I Homes by 2.4% in the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock valued at $113,063,000 after purchasing an additional 20,055 shares during the period. Franklin Resources Inc. raised its stake in shares of M/I Homes by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company's stock worth $91,402,000 after purchasing an additional 15,685 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of M/I Homes in the fourth quarter worth about $43,674,000. Finally, Royce & Associates LP lifted its holdings 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 worth $36,544,000 after purchasing an additional 81,964 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Raymond James reduced their price target on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research report on Tuesday. StockNews.com cut M/I Homes from a "buy" rating to a "hold" rating in a report on Friday. Finally, Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

M/I Homes Price Performance

Shares of M/I Homes stock traded up $0.80 during trading hours on Tuesday, reaching $106.00. The stock had a trading volume of 76,824 shares, compared to its average volume of 284,862. The stock's 50 day moving average is $113.24 and its 200 day moving average is $133.86. 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, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. The firm has a market capitalization of $2.87 billion, a PE ratio of 5.37 and a beta of 1.99.

M/I Homes (NYSE:MHO - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). The company had revenue of $976.09 million during the quarter, compared to analysts' expectations 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 prior year, the business posted $4.78 earnings per share. Equities analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

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.