AlphaQuest LLC Purchases 1,457 Shares of M/I Homes, Inc. (NYSE:MHO)

AlphaQuest LLC grew its position in shares of M/I Homes, Inc. (NYSE:MHO) by 18.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,362 shares of the construction company’s stock after buying an additional 1,457 shares during the quarter. AlphaQuest LLC’s holdings in M/I Homes were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in shares of M/I Homes during the 4th quarter worth approximately $27,000. R Squared Ltd purchased a new stake in shares of M/I Homes during the 4th quarter worth approximately $33,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of M/I Homes during the 4th quarter worth approximately $70,000. Jones Financial Companies Lllp purchased a new stake in shares of M/I Homes during the 4th quarter worth approximately $80,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of M/I Homes during the 3rd quarter worth approximately $86,000. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MHO. Seaport Res Ptn upgraded shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Raymond James restated 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. Finally, StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

M/I Homes Stock Down 0.2 %

M/I Homes stock opened at $121.39 on Monday. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 6.16 and a beta of 2.31. 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 firm has a 50 day simple moving average of $125.52 and a 200 day simple moving average of $147.38.

M/I Homes (NYSE:MHO) last released 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, analysts predict that M/I Homes, Inc. will post 18.44 earnings per share 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.