The Manufacturers Life Insurance Company Trims Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

The Manufacturers Life Insurance Company lowered its stake in M/I Homes, Inc. (NYSE:MHO) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,046 shares of the construction company’s stock after selling 135 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of M/I Homes worth $2,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MHO. Two Sigma Securities LLC bought a new stake in M/I Homes during the 4th quarter worth approximately $773,000. Oberweis Asset Management Inc. raised its position in shares of M/I Homes by 31.4% during the 4th quarter. Oberweis Asset Management Inc. now owns 58,200 shares of the construction company’s stock valued at $7,738,000 after purchasing an additional 13,900 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of M/I Homes by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,665 shares of the construction company’s stock valued at $2,615,000 after buying an additional 1,831 shares in the last quarter. Dark Forest Capital Management LP bought a new position in M/I Homes in the 4th quarter worth $636,000. Finally, Hsbc Holdings PLC increased its stake in M/I Homes by 17.7% in the 4th quarter. Hsbc Holdings PLC now owns 23,745 shares of the construction company’s stock worth $3,179,000 after buying an additional 3,571 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Stock Down 1.3 %

Shares of MHO opened at $109.36 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 5.55 and a beta of 1.75. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The business’s 50 day simple moving average is $111.64 and its 200-day simple moving average is $130.41.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.16 by ($0.18). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The business had revenue of $976.09 million for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the business earned $4.78 EPS. M/I Homes’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, equities analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MHO shares. Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. StockNews.com lowered shares of M/I Homes from a “buy” rating to a “hold” rating in a report on Friday, April 25th. Finally, Raymond James lowered their target price on shares of M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating on the stock in a report on Tuesday, April 29th.

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.