M/I Homes, Inc. $MHO Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 32.0% during the first quarter, Holdings Channel reports. The firm owned 29,435 shares of the construction company’s stock after selling 13,866 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in M/I Homes were worth $3,604,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new position in M/I Homes in the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC lifted its stake in M/I Homes by 90.6% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after buying an additional 135 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of M/I Homes in the fourth quarter worth about $49,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of M/I Homes by 1,090.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock worth $64,000 after buying an additional 458 shares during the period. Finally, WealthCollab LLC increased its position in shares of M/I Homes by 16.5% in the second quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock worth $69,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Price Performance

NYSE MHO opened at $151.45 on Friday. The company has a 50 day simple moving average of $146.11 and a 200-day simple moving average of $137.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.19 and a quick ratio of 1.95. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 12.75 and a beta of 1.60. M/I Homes, Inc. has a 52-week low of $116.78 and a 52-week high of $163.66.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.01. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. M/I Homes had a net margin of 7.44% and a return on equity of 11.53%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.42 earnings per share. Equities research analysts predict that M/I Homes, Inc. will post 12.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MHO has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of M/I Homes in a research note on Friday, May 15th. Zelman & Associates cut shares of M/I Homes from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 7th. Freedom Capital raised shares of M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Seaport Research Partners restated a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.67.

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.