Mutual of America Capital Management LLC Sells 159 Shares of M/I Homes, Inc. (NYSE:MHO)

Mutual of America Capital Management LLC reduced its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,962 shares of the construction company’s stock after selling 159 shares during the quarter. Mutual of America Capital Management LLC’s holdings in M/I Homes were worth $452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jefferies Financial Group Inc. bought a new position in shares of M/I Homes during the first quarter valued at about $357,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of M/I Homes by 27.2% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,265 shares of the construction company’s stock worth $259,000 after purchasing an additional 484 shares during the period. XTX Topco Ltd purchased a new stake in shares of M/I Homes during the first quarter worth about $1,854,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of M/I Homes by 14.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,977 shares of the construction company’s stock worth $682,000 after purchasing an additional 765 shares during the period. Finally, FourThought Financial Partners LLC purchased a new stake in shares of M/I Homes during the first quarter worth about $236,000. 95.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MHO. Raymond James Financial dropped their target price on shares of M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating for the company in a report on Tuesday, April 29th. Wall Street Zen lowered shares of M/I Homes from a “buy” rating to a “hold” rating in a report on Friday, April 25th.

M/I Homes Price Performance

MHO stock opened at $129.84 on Tuesday. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The company has a market cap of $3.48 billion, a P/E ratio of 7.13 and a beta of 1.60. The firm has a 50-day moving average of $115.95 and a 200 day moving average of $114.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.43 by ($0.01). M/I Homes had a return on equity of 17.23% and a net margin of 11.40%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts forecast that M/I Homes, Inc. will post 18.44 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.