Fox Run Management L.L.C. Raises Stock Position in M/I Homes, Inc. (NYSE:MHO)

Fox Run Management L.L.C. boosted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 104.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,500 shares of the construction company’s stock after purchasing an additional 3,327 shares during the period. Fox Run Management L.L.C.’s holdings in M/I Homes were worth $864,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in M/I Homes during the 4th quarter valued at $27,000. R Squared Ltd acquired a new stake in M/I Homes during the 4th quarter valued at $33,000. Daiwa Securities Group Inc. acquired a new stake in M/I Homes during the 3rd quarter valued at $86,000. Private Trust Co. NA acquired a new stake in M/I Homes during the 3rd quarter valued at $88,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in M/I Homes during the 4th quarter valued at $70,000. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Price Performance

Shares of MHO stock opened at $115.89 on Monday. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The firm has a fifty day moving average of $123.00 and a two-hundred day moving average of $144.42. 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 $3.14 billion, a P/E ratio of 5.88 and a beta of 2.31.

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 net margin of 12.51% and a return on equity of 20.20%. As a group, research analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

MHO has been the subject of several recent analyst reports. Seaport Res Ptn raised shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Raymond James reissued a “strong-buy” rating and set a $168.00 price objective (down from $210.00) on shares of M/I Homes in a report 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.