Foundry Partners LLC Acquires Shares of 1,600 M/I Homes, Inc. (NYSE:MHO)

Foundry Partners LLC bought a new position in M/I Homes, Inc. (NYSE:MHO) in the fourth quarter, HoldingsChannel reports. The fund bought 1,600 shares of the construction company’s stock, valued at approximately $220,000.

A number of other institutional investors also recently modified their holdings of the stock. Strs Ohio lifted its holdings in shares of M/I Homes by 200.0% during the 3rd quarter. Strs Ohio now owns 300 shares of the construction company’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in M/I Homes in the fourth quarter worth approximately $29,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of M/I Homes by 9.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,669 shares of the construction company’s stock worth $308,000 after purchasing an additional 302 shares during the last quarter. Diversified Trust Co raised its holdings in shares of M/I Homes by 2.6% during the 4th quarter. Diversified Trust Co now owns 14,219 shares of the construction company’s stock valued at $1,959,000 after purchasing an additional 366 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its stake in shares of M/I Homes by 13.7% in the 4th quarter. AlphaMark Advisors LLC now owns 3,043 shares of the construction company’s stock valued at $419,000 after purchasing an additional 367 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the sale, the insider now directly owns 2,342 shares in the company, valued at $300,970.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Monday, February 19th.

M/I Homes Stock Up 6.0 %

Shares of MHO stock opened at $119.47 on Wednesday. The stock’s 50 day simple moving average is $123.29 and its 200 day simple moving average is $115.73. M/I Homes, Inc. has a twelve month low of $63.39 and a twelve month high of $140.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.68 and a current ratio of 6.84. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 7.36 and a beta of 2.13.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.66 EPS for the quarter, missing analysts’ consensus estimates of $4.94 by ($1.28). The firm had revenue of $972.59 million during the quarter, compared to the consensus estimate of $1.19 billion. M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. As a group, research analysts predict that M/I Homes, Inc. will post 16.35 EPS for the current year.

About M/I Homes

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.