M/I Homes (NYSE:MHO) Upgraded at Seaport Res Ptn

M/I Homes (NYSE:MHO) was upgraded by equities research analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

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

M/I Homes Trading Up 2.0 %

M/I Homes stock opened at $121.54 on Thursday. The stock has a market cap of $3.30 billion, a PE ratio of 6.17 and a beta of 2.29. The stock has a 50-day moving average price of $125.77 and a 200 day moving average price of $147.62. M/I Homes has a 52 week low of $109.92 and a 52 week high of $176.18. 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 (NYSE:MHO) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 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%. Equities research analysts predict that M/I Homes will post 18.44 earnings per share for the current fiscal year.

Institutional Trading of M/I Homes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp grew its holdings in shares of M/I Homes by 143.6% during the 4th quarter. Mackenzie Financial Corp now owns 13,775 shares of the construction company’s stock worth $1,831,000 after purchasing an additional 8,121 shares during the period. Invst LLC grew its holdings in shares of M/I Homes by 13.2% during the 4th quarter. Invst LLC now owns 3,843 shares of the construction company’s stock worth $511,000 after purchasing an additional 448 shares during the period. US Asset Management LLC purchased a new stake in shares of M/I Homes during the 4th quarter worth about $272,000. PharVision Advisers LLC purchased a new stake in shares of M/I Homes during the 4th quarter worth about $209,000. Finally, Voloridge Investment Management LLC grew its holdings in shares of M/I Homes by 3,243.7% during the 4th quarter. Voloridge Investment Management LLC now owns 75,535 shares of the construction company’s stock worth $10,042,000 after purchasing an additional 73,276 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

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.