Steward Partners Investment Advisory LLC Makes New $70,000 Investment in M/I Homes, Inc. (NYSE:MHO)

Steward Partners Investment Advisory LLC purchased a new stake in M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, Holdings Channel reports. The firm purchased 530 shares of the construction company’s stock, valued at approximately $70,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. acquired a new position in shares of M/I Homes in the 4th quarter valued at $27,000. R Squared Ltd bought a new stake in M/I Homes in the 4th quarter valued at $33,000. Jones Financial Companies Lllp bought a new stake in M/I Homes in the 4th quarter valued at $80,000. Daiwa Securities Group Inc. bought a new stake in M/I Homes during the 3rd quarter worth about $86,000. Finally, Private Trust Co. NA bought a new stake in M/I Homes during the 3rd quarter worth about $88,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MHO. Raymond James reissued a “strong-buy” rating and set a $168.00 price target (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Seaport Res Ptn upgraded shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

M/I Homes Stock Performance

Shares of NYSE:MHO opened at $115.82 on Tuesday. The company’s 50 day moving average price is $123.79 and its two-hundred day moving average price is $145.56. M/I Homes, Inc. has a 12-month low of $109.92 and a 12-month high of $176.18. The firm has a market cap of $3.14 billion, a PE ratio of 5.88 and a beta of 2.31. 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 issued its quarterly earnings results 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 return on equity of 20.20% and a net margin of 12.51%. Equities research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share 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.