Walleye Capital LLC Takes Position in M/I Homes, Inc. (NYSE:MHO)

Walleye Capital LLC purchased a new position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,174 shares of the construction company's stock, valued at approximately $1,884,000. Walleye Capital LLC owned about 0.05% of M/I Homes at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MHO. Hennessy Advisors Inc. purchased a new stake in shares of M/I Homes during the fourth quarter worth approximately $43,674,000. Royce & Associates LP boosted its position in shares of M/I Homes by 42.5% during the 4th 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of M/I Homes during the 4th quarter worth $10,672,000. Donald Smith & CO. Inc. boosted its position in shares of M/I Homes by 6.0% during the 4th 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 in the last quarter. Finally, Barclays PLC boosted its position in shares of M/I Homes by 34.1% during the 4th quarter. Barclays PLC now owns 169,796 shares of the construction company's stock worth $22,574,000 after purchasing an additional 43,219 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MHO has been the topic of several research analyst reports. Raymond James restated a "strong-buy" rating and set a $168.00 target price (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, StockNews.com upgraded shares of M/I Homes from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.

M/I Homes Trading Up 1.4 %

NYSE:MHO traded up $1.46 on Thursday, reaching $106.85. The stock had a trading volume of 60,538 shares, compared to its average volume of 287,013. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 5.42 and a beta of 1.99. 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 firm's fifty day moving average is $113.93 and its two-hundred day moving average is $135.42.

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). The company had revenue of $976.09 million for the quarter, compared to analysts' expectations of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. Equities analysts expect that M/I Homes, Inc. will post 18.44 EPS 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.