M/I Homes (NYSE:MHO) Rating Increased to Strong-Buy at Seaport Res Ptn

M/I Homes (NYSE:MHO) was upgraded by Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities research analysts also recently commented on MHO. Raymond James reissued a “strong-buy” rating and issued a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

M/I Homes Stock Performance

NYSE:MHO opened at $121.54 on Thursday. The firm’s fifty day moving average price is $125.77 and its 200 day moving average price is $147.62. M/I Homes has a 1-year low of $109.92 and a 1-year high of $176.18. 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 $3.30 billion, a price-to-earnings ratio of 6.17 and a beta of 2.29.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts expect that M/I Homes will post 18.44 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp raised its stake in shares of M/I Homes by 143.6% during the 4th quarter. Mackenzie Financial Corp now owns 13,775 shares of the construction company’s stock worth $1,831,000 after buying an additional 8,121 shares during the last quarter. Invst LLC raised its stake in shares of M/I Homes by 13.2% during the 4th quarter. Invst LLC now owns 3,843 shares of the construction company’s stock worth $511,000 after buying an additional 448 shares during the last quarter. US Asset Management LLC acquired a new position in shares of M/I Homes during the 4th quarter worth $272,000. PharVision Advisers LLC acquired a new position in shares of M/I Homes during the 4th quarter worth $209,000. Finally, Voloridge Investment Management LLC raised its stake in shares of M/I Homes by 3,243.7% during the 4th quarter. Voloridge Investment Management LLC now owns 75,535 shares of the construction company’s stock worth $10,042,000 after buying an additional 73,276 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.