M/I Homes (NYSE:MHO) Rating Increased to Strong-Buy at Seaport Res Ptn

Seaport Res Ptn upgraded shares of M/I Homes (NYSE:MHO) from a hold rating to a strong-buy rating in a report issued on Thursday morning,Zacks.com reports.

Several other analysts have also issued reports on MHO. StockNews.com upgraded 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 research note on Thursday, January 30th.

M/I Homes Stock Performance

Shares of NYSE MHO opened at $121.54 on Thursday. 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 debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The stock has a market capitalization of $3.30 billion, a PE ratio of 6.17 and a beta of 2.29.

M/I Homes (NYSE:MHO) last issued 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 net margin of 12.51% and a return on equity of 20.20%. Analysts predict that M/I Homes will post 18.44 earnings per share for the current fiscal year.

Institutional Trading of M/I Homes

Institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp increased its stake in shares of M/I Homes by 143.6% during the fourth 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 increased its stake in shares of M/I Homes by 13.2% during the fourth 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 bought a new position in shares of M/I Homes during the fourth quarter worth approximately $272,000. PharVision Advisers LLC bought a new position in shares of M/I Homes during the fourth quarter worth approximately $209,000. Finally, Voloridge Investment Management LLC increased its stake in shares of M/I Homes by 3,243.7% during the fourth 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. 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.