NewSquare Capital LLC Raises Stake in M/I Homes, Inc. (NYSE:MHO)

NewSquare Capital LLC grew its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 5.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,252 shares of the construction company’s stock after acquiring an additional 1,461 shares during the period. NewSquare Capital LLC’s holdings in M/I Homes were worth $4,022,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MHO. Principal Securities Inc. purchased a new stake in shares of M/I Homes during the 4th quarter worth $27,000. R Squared Ltd purchased a new stake in shares of M/I Homes during the 4th quarter worth $33,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of M/I Homes during the 4th quarter worth $70,000. Jones Financial Companies Lllp purchased a new stake in shares of M/I Homes during the 4th quarter worth $80,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of M/I Homes during the 3rd quarter worth $86,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on MHO. StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Raymond James reaffirmed a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

M/I Homes Trading Up 1.5 %

NYSE:MHO opened at $116.45 on Wednesday. The stock has a fifty day simple moving average of $126.40 and a 200-day simple moving average of $148.00. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18. The company has a market capitalization of $3.16 billion, a PE ratio of 5.91 and a beta of 2.29. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share 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%. On average, equities research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

M/I Homes Company 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.