Round Hill Asset Management Boosts Position in M/I Homes, Inc. (NYSE:MHO)

Round Hill Asset Management raised its position in M/I Homes, Inc. (NYSE:MHO) by 12.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,753 shares of the construction company’s stock after purchasing an additional 1,633 shares during the period. M/I Homes comprises approximately 1.4% of Round Hill Asset Management’s portfolio, making the stock its 22nd biggest holding. Round Hill Asset Management’s holdings in M/I Homes were worth $1,961,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Principal Securities Inc. acquired a new position in shares of M/I Homes during the 4th quarter worth approximately $27,000. R Squared Ltd purchased a new position in M/I Homes during the fourth quarter worth $33,000. Aster Capital Management DIFC Ltd acquired a new position in shares of M/I Homes in the fourth quarter worth $50,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of M/I Homes in the fourth quarter valued at $70,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of M/I Homes during the fourth quarter valued at $80,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

MHO has been the subject of several analyst reports. 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. Raymond James reissued a “strong-buy” rating and issued a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Finally, StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

M/I Homes Stock Performance

NYSE MHO opened at $114.01 on Monday. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $3.09 billion, a PE ratio of 5.78 and a beta of 1.99. The business’s 50-day moving average price is $118.94 and its 200 day moving average price is $141.26. M/I Homes, Inc. has a twelve month low of $105.00 and a twelve month high of $176.18.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

M/I Homes Company 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.