Axxcess Wealth Management LLC Grows Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Axxcess Wealth Management LLC raised its position in shares of M/I Homes, Inc. (NYSE:MHO) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,437 shares of the construction company’s stock after buying an additional 131 shares during the quarter. Axxcess Wealth Management LLC’s holdings in M/I Homes were worth $324,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Securities Inc. purchased a new stake in shares of M/I Homes during the fourth quarter valued at about $27,000. R Squared Ltd purchased a new stake in shares of M/I Homes during the fourth quarter valued at about $33,000. Daiwa Securities Group Inc. purchased a new stake in shares of M/I Homes during the third quarter valued at about $86,000. Private Trust Co. NA purchased a new position in shares of M/I Homes in the 3rd quarter valued at approximately $88,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of M/I Homes in the 4th quarter valued at approximately $70,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MHO shares. Raymond James reaffirmed a “strong-buy” rating and issued a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Seaport Res Ptn raised shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $115.89 on Friday. M/I Homes, Inc. has a twelve month low of $109.92 and a twelve month high of $176.18. The company’s 50 day moving average is $123.00 and its 200 day moving average is $144.49. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.14 billion, a PE ratio of 5.88 and a beta of 2.31.

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