M/I Homes (NYSE:MHO) Downgraded by StockNews.com to Buy

StockNews.com downgraded shares of M/I Homes (NYSE:MHO) from a strong-buy rating to a buy rating in a research report released on Thursday.

Separately, Raymond James increased their price objective on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd.

M/I Homes Stock Performance

NYSE:MHO opened at $150.23 on Thursday. The company’s 50-day moving average is $162.71 and its two-hundred day moving average is $142.53. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 8.05 and a beta of 2.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.52 and a quick ratio of 1.76. M/I Homes has a 1-year low of $89.21 and a 1-year high of $176.18.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MHO. V Square Quantitative Management LLC acquired a new position in shares of M/I Homes in the 3rd quarter worth approximately $27,000. Signaturefd LLC raised its position in M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after purchasing an additional 71 shares during the period. CWM LLC lifted its stake in M/I Homes by 184.8% during the second quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after purchasing an additional 329 shares in the last quarter. Hollencrest Capital Management purchased a new position in shares of M/I Homes during the first quarter worth $68,000. Finally, Quarry LP grew its stake in shares of M/I Homes by 148.0% in the second quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after buying an additional 333 shares in the last quarter. Hedge funds and other institutional investors 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.