NewEdge Wealth LLC Has $1.21 Million Position in M/I Homes, Inc. $MHO

NewEdge Wealth LLC grew its holdings in M/I Homes, Inc. (NYSE:MHO) by 56.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,887 shares of the construction company’s stock after purchasing an additional 3,571 shares during the period. NewEdge Wealth LLC’s holdings in M/I Homes were worth $1,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Intech Investment Management LLC grew its holdings in shares of M/I Homes by 0.5% during the fourth quarter. Intech Investment Management LLC now owns 14,883 shares of the construction company’s stock valued at $1,904,000 after buying an additional 72 shares in the last quarter. Corient Private Wealth LLC boosted its position in M/I Homes by 2.0% during the 4th quarter. Corient Private Wealth LLC now owns 3,891 shares of the construction company’s stock worth $498,000 after acquiring an additional 76 shares during the period. WealthCollab LLC boosted its position in M/I Homes by 16.5% during the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock worth $69,000 after acquiring an additional 87 shares during the period. Private Advisor Group LLC grew its stake in M/I Homes by 3.0% during the 3rd quarter. Private Advisor Group LLC now owns 3,027 shares of the construction company’s stock valued at $437,000 after acquiring an additional 89 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in M/I Homes by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 14,839 shares of the construction company’s stock valued at $1,897,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MHO. Seaport Research Partners reissued a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th. Zelman & Associates downgraded shares of M/I Homes from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 7th. Freedom Capital upgraded shares of M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Finally, Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

M/I Homes Stock Performance

Shares of MHO stock opened at $149.76 on Monday. M/I Homes, Inc. has a fifty-two week low of $116.78 and a fifty-two week high of $163.66. The stock’s 50-day moving average is $144.06 and its two-hundred day moving average is $136.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95. The firm has a market cap of $3.83 billion, a P/E ratio of 11.28 and a beta of 1.60.

M/I Homes Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.