Colonial River Investments LLC Acquires 136 Shares of M/I Homes, Inc. (NYSE:MHO)

Colonial River Investments LLC increased its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 5.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,451 shares of the construction company’s stock after purchasing an additional 136 shares during the period. Colonial River Investments LLC’s holdings in M/I Homes were worth $326,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Arkadios Wealth Advisors lifted its holdings in shares of M/I Homes by 4.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock valued at $296,000 after purchasing an additional 90 shares in the last quarter. Huntington National Bank lifted its stake in M/I Homes by 0.6% in the 3rd quarter. Huntington National Bank now owns 16,714 shares of the construction company’s stock valued at $2,864,000 after acquiring an additional 105 shares in the last quarter. Signaturefd LLC lifted its stake in M/I Homes by 49.4% in the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock valued at $61,000 after acquiring an additional 117 shares in the last quarter. Bay Rivers Group lifted its stake in M/I Homes by 2.7% in the 4th quarter. Bay Rivers Group now owns 4,911 shares of the construction company’s stock valued at $653,000 after acquiring an additional 128 shares in the last quarter. Finally, Nvest Financial LLC lifted its stake in M/I Homes by 7.8% in the 4th quarter. Nvest Financial LLC now owns 1,822 shares of the construction company’s stock valued at $242,000 after acquiring an additional 132 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $155.00 to $185.00 in a research note on Monday, November 4th. StockNews.com cut M/I Homes from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Raymond James restated 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.

M/I Homes Stock Down 0.5 %

NYSE:MHO opened at $116.24 on Tuesday. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 5.90 and a beta of 2.29. M/I Homes, Inc. has a twelve month low of $109.92 and a twelve month high of $176.18. The stock’s 50 day moving average price is $129.73 and its two-hundred day moving average price is $149.32. 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 posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing the consensus estimate 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 expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal 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.