Aspen Investment Management Inc Grows Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Aspen Investment Management Inc lifted its position in M/I Homes, Inc. (NYSE:MHO) by 110.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,960 shares of the construction company’s stock after buying an additional 2,080 shares during the quarter. Aspen Investment Management Inc’s holdings in M/I Homes were worth $526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. acquired a new position in M/I Homes in the 4th quarter valued at about $27,000. R Squared Ltd acquired a new position in shares of M/I Homes in the fourth quarter valued at approximately $33,000. Signaturefd LLC grew its holdings in shares of M/I Homes by 49.4% in the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock valued at $61,000 after purchasing an additional 117 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in M/I Homes during the 3rd quarter worth approximately $86,000. Finally, Private Trust Co. NA acquired a new stake in M/I Homes during the 3rd quarter worth approximately $88,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Trading Up 2.7 %

Shares of NYSE:MHO opened at $119.42 on Friday. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18. The company’s 50 day moving average is $130.43 and its two-hundred day moving average is $149.44. The company has a market cap of $3.24 billion, a PE ratio of 6.06 and a beta of 2.29. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, January 29th. The construction company reported $4.71 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%. Equities analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

MHO has been the subject of several research reports. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $155.00 to $185.00 in a research note on Monday, November 4th. 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 report on Thursday, January 30th. Finally, StockNews.com cut M/I Homes from a “buy” rating to a “hold” rating in a research note on Friday, January 31st.

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.