Foundry Partners LLC Buys New Shares in M/I Homes, Inc. (NYSE:MHO)

Foundry Partners LLC bought a new stake in M/I Homes, Inc. (NYSE:MHO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,600 shares of the construction company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. acquired a new position in shares of M/I Homes during the 4th quarter worth about $29,000. Strs Ohio boosted its holdings in M/I Homes by 200.0% in the third quarter. Strs Ohio now owns 300 shares of the construction company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Clearstead Advisors LLC increased its stake in M/I Homes by 1,979.2% in the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after purchasing an additional 475 shares during the last quarter. Xponance Inc. purchased a new position in M/I Homes in the fourth quarter valued at approximately $226,000. Finally, Cornerstone Investment Partners LLC purchased a new position in M/I Homes in the fourth quarter valued at approximately $260,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Stock Performance

Shares of M/I Homes stock opened at $119.47 on Wednesday. The firm has a market capitalization of $3.32 billion, a P/E ratio of 7.36 and a beta of 2.13. M/I Homes, Inc. has a 52 week low of $63.39 and a 52 week high of $140.73. The company has a quick ratio of 1.68, a current ratio of 6.84 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $123.29 and its two-hundred day moving average is $115.73.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at M/I Homes

In other news, insider Ann Marie Hunker sold 2,461 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the transaction, the insider now directly owns 2,342 shares in the company, valued at $300,970.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.10% of the company’s stock.

M/I Homes 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.