Quantbot Technologies LP Raises Holdings in M/I Homes, Inc. (NYSE:MHO)

Quantbot Technologies LP increased its position in M/I Homes, Inc. (NYSE:MHO) by 326.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,638 shares of the construction company’s stock after buying an additional 23,459 shares during the period. Quantbot Technologies LP owned 0.11% of M/I Homes worth $4,073,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D purchased a new stake in shares of M/I Homes during the 3rd quarter worth approximately $2,065,000. Huntington National Bank lifted its position in M/I Homes by 0.6% during the third quarter. Huntington National Bank now owns 16,714 shares of the construction company’s stock valued at $2,864,000 after purchasing an additional 105 shares during the last quarter. Royce & Associates LP grew its stake in shares of M/I Homes by 30.0% in the 3rd quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock worth $33,057,000 after buying an additional 44,559 shares in the last quarter. Quest Partners LLC increased its holdings in shares of M/I Homes by 27.9% in the 3rd quarter. Quest Partners LLC now owns 7,905 shares of the construction company’s stock worth $1,355,000 after buying an additional 1,724 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of M/I Homes by 3.1% during the 3rd quarter. Avior Wealth Management LLC now owns 4,456 shares of the construction company’s stock valued at $764,000 after buying an additional 134 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Stock Up 2.0 %

Shares of NYSE:MHO opened at $117.17 on Friday. The business has a 50 day simple moving average of $124.08 and a two-hundred day simple moving average of $146.07. The firm has a market capitalization of $3.18 billion, a PE ratio of 5.94 and a beta of 2.31. 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, Inc. has a 1 year low of $109.92 and a 1 year high of $176.18.

M/I Homes (NYSE:MHO) last issued its earnings results 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%. On average, equities analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on MHO shares. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Raymond James reissued 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 report on Thursday, January 30th. Finally, StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a research note 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.