M/I Homes, Inc. (NYSE:MHO) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 14.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,800 shares of the construction company's stock after acquiring an additional 5,500 shares during the quarter. Renaissance Technologies LLC owned 0.15% of M/I Homes worth $5,690,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in shares of M/I Homes by 10.3% in the fourth quarter. Bank of Montreal Can now owns 5,423 shares of the construction company's stock valued at $721,000 after purchasing an additional 508 shares during the period. Round Hill Asset Management grew its stake in shares of M/I Homes by 12.4% in the fourth quarter. Round Hill Asset Management now owns 14,753 shares of the construction company's stock worth $1,961,000 after acquiring an additional 1,633 shares in the last quarter. Cerity Partners LLC increased its position in shares of M/I Homes by 8.6% during the fourth quarter. Cerity Partners LLC now owns 17,188 shares of the construction company's stock worth $2,285,000 after acquiring an additional 1,355 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in M/I Homes during the 4th quarter worth $50,000. Finally, Envestnet Asset Management Inc. raised its position in M/I Homes by 7.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,124 shares of the construction company's stock valued at $282,000 after purchasing an additional 155 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. 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 upgraded M/I Homes from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Raymond James reaffirmed a "strong-buy" rating and set a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th.

M/I Homes Stock Up 0.5 %

Shares of NYSE:MHO traded up $0.52 during trading on Thursday, hitting $105.91. 39,818 shares of the company were exchanged, compared to its average volume of 286,935. The firm's 50 day moving average price is $113.93 and its 200-day moving average price is $135.42. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-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. The stock has a market capitalization of $2.87 billion, a P/E ratio of 5.37 and a beta of 1.99.

M/I Homes (NYSE:MHO - Get Free Report) last announced 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%. On average, research analysts predict 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.