Oregon Public Employees Retirement Fund purchased a new position in shares of M/I Homes Inc (NYSE:MHO) during the fourth quarter, HoldingsChannel reports. The fund purchased 10,619 shares of the construction company’s stock, valued at approximately $223,000.

A number of other large investors have also recently added to or reduced their stakes in MHO. Hsbc Holdings PLC purchased a new position in M/I Homes in the third quarter valued at $244,000. Teachers Retirement System of The State of Kentucky increased its holdings in M/I Homes by 39.0% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 10,700 shares of the construction company’s stock valued at $256,000 after buying an additional 3,000 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in M/I Homes in the fourth quarter valued at $248,000. Algert Global LLC purchased a new position in M/I Homes in the fourth quarter valued at $284,000. Finally, Xact Kapitalforvaltning AB increased its holdings in M/I Homes by 29.6% in the fourth quarter. Xact Kapitalforvaltning AB now owns 14,437 shares of the construction company’s stock valued at $303,000 after buying an additional 3,300 shares during the last quarter. Institutional investors own 95.72% of the company’s stock.

Several equities analysts recently commented on the company. Wedbush increased their target price on M/I Homes from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, February 4th. ValuEngine raised M/I Homes from a “strong sell” rating to a “sell” rating in a report on Thursday, December 6th. TheStreet raised M/I Homes from a “c” rating to a “b-” rating in a report on Tuesday, February 5th. JMP Securities lowered M/I Homes from an “outperform” rating to a “market perform” rating and set a $30.00 target price on the stock. in a report on Wednesday, February 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered M/I Homes from a “hold” rating to a “sell” rating in a report on Thursday, February 7th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. M/I Homes has an average rating of “Hold” and a consensus price target of $29.50.

In other M/I Homes news, insider Ann Marie Hunker sold 10,600 shares of the firm’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $27.67, for a total transaction of $293,302.00. Following the transaction, the insider now owns 2,600 shares of the company’s stock, valued at $71,942. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert H. Schottenstein sold 41,432 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $27.01, for a total value of $1,119,078.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,842 shares of company stock worth $3,811,138. Corporate insiders own 3.90% of the company’s stock.

NYSE:MHO opened at $26.01 on Friday. The firm has a market capitalization of $715.82 million, a P/E ratio of 6.45 and a beta of 1.15. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.55 and a current ratio of 5.95. M/I Homes Inc has a 12 month low of $20.34 and a 12 month high of $34.54.

M/I Homes (NYSE:MHO) last posted its earnings results on Tuesday, February 5th. The construction company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.23 by $0.09. The firm had revenue of $722.50 million for the quarter, compared to analyst estimates of $684.59 million. M/I Homes had a return on equity of 14.23% and a net margin of 4.71%. M/I Homes’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 earnings per share. Analysts predict that M/I Homes Inc will post 3.83 EPS for the current fiscal year.

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About M/I Homes

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.

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Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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