Barclays PLC Grows Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Barclays PLC boosted its holdings in M/I Homes, Inc. (NYSE:MHO) by 34.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 169,796 shares of the construction company’s stock after buying an additional 43,219 shares during the period. Barclays PLC’s holdings in M/I Homes were worth $22,574,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MHO. Principal Securities Inc. bought a new stake in M/I Homes during the 4th quarter valued at approximately $27,000. R Squared Ltd bought a new stake in shares of M/I Homes during the fourth quarter valued at approximately $33,000. Aster Capital Management DIFC Ltd purchased a new position in shares of M/I Homes in the fourth quarter worth $50,000. Steward Partners Investment Advisory LLC bought a new position in shares of M/I Homes during the fourth quarter worth $70,000. Finally, Jones Financial Companies Lllp purchased a new position in M/I Homes during the fourth quarter valued at $80,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Trading Up 1.7 %

MHO opened at $105.93 on Friday. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18. 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 stock has a 50-day moving average of $114.64 and a 200 day moving average of $136.46. The firm has a market cap of $2.87 billion, a P/E ratio of 5.37 and a beta of 1.99.

M/I Homes (NYSE:MHO) last released 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 net margin of 12.51% and a return on equity of 20.20%. As a group, research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on MHO shares. StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Raymond James reaffirmed a “strong-buy” rating and issued a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. Finally, Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

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.