M/I Homes, Inc. (NYSE:MHO) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,437 shares of the construction company’s stock after purchasing an additional 131 shares during the quarter. Axxcess Wealth Management LLC’s holdings in M/I Homes were worth $324,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arkadios Wealth Advisors grew its stake in M/I Homes by 4.2% in the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock valued at $296,000 after acquiring an additional 90 shares during the period. Bay Rivers Group grew its stake in M/I Homes by 2.7% in the 4th quarter. Bay Rivers Group now owns 4,911 shares of the construction company’s stock valued at $653,000 after acquiring an additional 128 shares during the period. Nvest Financial LLC grew its stake in M/I Homes by 7.8% in the 4th quarter. Nvest Financial LLC now owns 1,822 shares of the construction company’s stock valued at $242,000 after acquiring an additional 132 shares during the period. Colonial River Investments LLC grew its stake in M/I Homes by 5.9% in the 4th quarter. Colonial River Investments LLC now owns 2,451 shares of the construction company’s stock valued at $326,000 after acquiring an additional 136 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in M/I Homes by 1.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 10,425 shares of the construction company’s stock valued at $1,386,000 after acquiring an additional 194 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Trading Down 1.6 %

Shares of MHO stock opened at $115.89 on Friday. The stock’s fifty day moving average is $123.00 and its two-hundred day moving average is $144.49. 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 firm has a market capitalization of $3.14 billion, a P/E ratio of 5.88 and a beta of 2.31. M/I Homes, Inc. has a fifty-two week low of $109.92 and a fifty-two week high of $176.18.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 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%. Research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.