Fisher Asset Management LLC Raises Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Fisher Asset Management LLC raised its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 122.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,293 shares of the construction company’s stock after purchasing an additional 19,974 shares during the quarter. Fisher Asset Management LLC owned 0.13% of M/I Homes worth $4,825,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Private Advisor Group LLC increased its stake in shares of M/I Homes by 5.2% in the third quarter. Private Advisor Group LLC now owns 3,113 shares of the construction company’s stock worth $533,000 after buying an additional 155 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in M/I Homes during the 3rd quarter worth $769,000. Farther Finance Advisors LLC increased its position in shares of M/I Homes by 240.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,056 shares of the construction company’s stock worth $181,000 after purchasing an additional 746 shares during the last quarter. Olympiad Research LP raised its stake in shares of M/I Homes by 7.2% in the 3rd quarter. Olympiad Research LP now owns 2,247 shares of the construction company’s stock valued at $385,000 after purchasing an additional 150 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of M/I Homes by 3.9% during the third quarter. Assetmark Inc. now owns 43,498 shares of the construction company’s stock worth $7,454,000 after purchasing an additional 1,626 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MHO shares. StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Raymond James reiterated a “strong-buy” rating and issued a $168.00 price target (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

M/I Homes Trading Up 1.5 %

M/I Homes stock opened at $116.45 on Wednesday. M/I Homes, Inc. has a 1 year low of $109.92 and a 1 year high of $176.18. The firm’s 50-day moving average is $126.40 and its 200-day moving average is $148.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The company has a market cap of $3.16 billion, a P/E ratio of 5.91 and a beta of 2.29.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. On average, equities analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

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.