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

NewSquare Capital LLC grew its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,252 shares of the construction company’s stock after purchasing an additional 1,461 shares during the quarter. NewSquare Capital LLC owned approximately 0.11% of M/I Homes worth $4,022,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Westfield Capital Management Co. LP raised its holdings in M/I Homes by 3.7% during the third quarter. Westfield Capital Management Co. LP now owns 1,107,024 shares of the construction company’s stock worth $189,700,000 after purchasing an additional 39,492 shares in the last quarter. Geode Capital Management LLC grew its position in shares of M/I Homes by 3.1% during the third quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company’s stock worth $124,050,000 after acquiring an additional 21,575 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of M/I Homes by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company’s stock worth $79,182,000 after acquiring an additional 19,754 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of M/I Homes during the fourth quarter worth approximately $43,674,000. Finally, Basswood Capital Management L.L.C. grew its position in shares of M/I Homes by 1.8% during the third quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company’s stock worth $53,916,000 after acquiring an additional 5,571 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Performance

NYSE:MHO opened at $116.45 on Wednesday. The firm’s fifty day moving average price is $126.40 and its 200 day moving average price is $148.00. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 5.91 and a beta of 2.29.

M/I Homes (NYSE:MHO) last posted 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 net margin of 12.51% and a return on equity of 20.20%. On average, sell-side analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MHO shares. Raymond James restated a “strong-buy” rating and set a $168.00 target price (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. 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 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.