M/I Homes, Inc. (NYSE:MHO) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its position in M/I Homes, Inc. (NYSE:MHO) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,425 shares of the construction company’s stock after acquiring an additional 194 shares during the quarter. Los Angeles Capital Management LLC’s holdings in M/I Homes were worth $1,386,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Westfield Capital Management Co. LP grew its position in M/I Homes by 3.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,107,024 shares of the construction company’s stock valued at $189,700,000 after acquiring an additional 39,492 shares in the last quarter. Geode Capital Management LLC grew its position in M/I Homes by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company’s stock valued at $124,050,000 after acquiring an additional 21,575 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in M/I Homes by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company’s stock valued at $79,182,000 after acquiring an additional 19,754 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of M/I Homes in the 4th quarter valued at about $43,674,000. Finally, Basswood Capital Management L.L.C. boosted its stake in shares of M/I Homes by 1.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company’s stock valued at $53,916,000 after buying an additional 5,571 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Trading Up 0.0 %

Shares of MHO stock opened at $116.95 on Friday. The business’s fifty day moving average price is $127.19 and its 200 day moving average price is $148.37. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The firm has a market capitalization of $3.17 billion, a PE ratio of 5.93 and a beta of 2.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share 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%. As a group, sell-side analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MHO shares. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $155.00 to $185.00 in a research note on Monday, November 4th. StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Raymond James restated a “strong-buy” rating and set a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

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.