Congress Asset Management Co. Has $6.81 Million Stake in M/I Homes, Inc. (NYSE:MHO)

Congress Asset Management Co. boosted its holdings in M/I Homes, Inc. (NYSE:MHO) by 11.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,248 shares of the construction company’s stock after buying an additional 5,379 shares during the period. Congress Asset Management Co.’s holdings in M/I Homes were worth $6,813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of M/I Homes in the 3rd quarter valued at $27,000. R Squared Ltd bought a new stake in M/I Homes in the fourth quarter valued at about $33,000. Signaturefd LLC lifted its stake in M/I Homes by 49.4% in the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock valued at $61,000 after buying an additional 117 shares during the period. Daiwa Securities Group Inc. bought a new position in M/I Homes during the third quarter worth about $86,000. Finally, Private Trust Co. NA acquired a new position in shares of M/I Homes during the 3rd quarter worth about $88,000. 95.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MHO shares. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and increased their price target for the company from $155.00 to $185.00 in a research report on Monday, November 4th. StockNews.com cut shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Raymond James restated 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 report on Thursday, January 30th.

M/I Homes Price Performance

Shares of MHO opened at $119.11 on Tuesday. The stock has a 50 day simple moving average of $133.61 and a 200 day simple moving average of $150.44. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.32. The firm has a market capitalization of $3.31 billion, a PE ratio of 6.04 and a beta of 2.29.

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%. Sell-side analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

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.