MQS Management LLC Sells 1,206 Shares of M/I Homes, Inc. $MHO

MQS Management LLC lessened its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 20.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,789 shares of the construction company’s stock after selling 1,206 shares during the quarter. MQS Management LLC’s holdings in M/I Homes were worth $537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State of New Jersey Common Pension Fund D lifted its position in shares of M/I Homes by 6.4% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 17,718 shares of the construction company’s stock worth $1,987,000 after buying an additional 1,060 shares during the period. Mattson Financial Services LLC bought a new position in shares of M/I Homes during the 2nd quarter worth approximately $319,000. Nordea Investment Management AB lifted its position in shares of M/I Homes by 0.3% during the 2nd quarter. Nordea Investment Management AB now owns 86,704 shares of the construction company’s stock worth $9,712,000 after buying an additional 235 shares during the period. CWM LLC raised its position in M/I Homes by 110.7% in the 2nd quarter. CWM LLC now owns 2,706 shares of the construction company’s stock valued at $303,000 after purchasing an additional 1,422 shares during the last quarter. Finally, Inspire Investing LLC raised its position in M/I Homes by 15.3% in the 2nd quarter. Inspire Investing LLC now owns 3,466 shares of the construction company’s stock valued at $389,000 after purchasing an additional 460 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MHO shares. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Zelman & Associates upgraded M/I Homes from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 12th. Raymond James Financial lifted their price objective on M/I Homes from $150.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Friday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of M/I Homes in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $170.00.

M/I Homes Trading Down 1.7%

MHO stock opened at $129.94 on Friday. The company has a market cap of $3.48 billion, a P/E ratio of 7.63 and a beta of 1.70. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $172.23. The company has a quick ratio of 1.78, a current ratio of 6.85 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $144.05 and a 200-day moving average of $124.21.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, October 22nd. The construction company reported $4.14 earnings per share for the quarter, missing analysts’ consensus estimates of $4.37 by ($0.23). The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.16 billion. M/I Homes had a return on equity of 15.72% and a net margin of 10.56%.The business’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

M/I Homes Company 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.