AlphaQuest LLC Grows Stake in M/I Homes, Inc. (NYSE:MHO)

AlphaQuest LLC grew its position in shares of M/I Homes, Inc. (NYSE:MHO) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,362 shares of the construction company’s stock after purchasing an additional 1,457 shares during the period. AlphaQuest LLC’s holdings in M/I Homes were worth $1,245,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. purchased a new position in shares of M/I Homes during the 4th quarter valued at $27,000. R Squared Ltd bought a new stake in shares of M/I Homes during the 4th quarter worth $33,000. Daiwa Securities Group Inc. bought a new stake in shares of M/I Homes during the 3rd quarter worth $86,000. Private Trust Co. NA bought a new stake in shares of M/I Homes during the 3rd quarter worth $88,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of M/I Homes during the 4th quarter worth $70,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Stock Performance

M/I Homes stock opened at $121.39 on Monday. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $3.29 billion, a PE ratio of 6.16 and a beta of 2.31. The firm has a fifty day simple moving average of $125.52 and a two-hundred day simple moving average of $147.38. M/I Homes, Inc. has a twelve month low of $109.92 and a twelve month high of $176.18.

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%. Research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analysts Forecast Growth

MHO has been the subject of a number of research analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a $168.00 price objective (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Seaport Res Ptn raised shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday.

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.