Bailard Inc. Has $705,000 Stock Position in M/I Homes, Inc. (NYSE:MHO)

Bailard Inc. trimmed its position in M/I Homes, Inc. (NYSE:MHO) by 5.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,300 shares of the construction company’s stock after selling 300 shares during the quarter. Bailard Inc.’s holdings in M/I Homes were worth $705,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Westfield Capital Management Co. LP boosted its position in M/I Homes by 3.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,107,024 shares of the construction company’s stock valued at $189,700,000 after buying an additional 39,492 shares during the last quarter. Geode Capital Management LLC boosted its position in M/I Homes by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company’s stock valued at $124,050,000 after buying an additional 21,575 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of M/I Homes by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company’s stock valued at $79,182,000 after purchasing an additional 19,754 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of M/I Homes in the 4th quarter valued at about $43,674,000. Finally, Basswood Capital Management L.L.C. boosted its stake in shares of M/I Homes by 1.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company’s stock valued at $53,916,000 after purchasing an additional 5,571 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MHO has been the topic of several recent research reports. Raymond James reaffirmed a “strong-buy” rating and issued a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their target price for the company from $155.00 to $185.00 in a research note on Monday, November 4th. Finally, StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th.

M/I Homes Stock Down 2.2 %

Shares of NYSE MHO opened at $114.54 on Tuesday. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The stock has a market cap of $3.11 billion, a P/E ratio of 5.81 and a beta of 2.29. The firm has a 50 day moving average price of $126.80 and a 200 day moving average price of $148.20.

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

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.