Marshall Wace North America L.P. reduced its holdings in shares of M/I Homes Inc (NYSE:MHO) by 48.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,349 shares of the construction company’s stock after selling 35,456 shares during the quarter. Marshall Wace North America L.P. owned about 0.14% of M/I Homes worth $1,470,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in shares of M/I Homes by 49.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 836 shares of the construction company’s stock valued at $32,000 after buying an additional 275 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in M/I Homes in the 4th quarter worth approximately $51,000. Aigen Investment Management LP purchased a new stake in M/I Homes in the 4th quarter worth approximately $53,000. Anderson Fisher LLC purchased a new stake in M/I Homes in the 4th quarter worth approximately $76,000. Finally, Advisor Group Inc. lifted its stake in M/I Homes by 358.6% in the 4th quarter. Advisor Group Inc. now owns 2,582 shares of the construction company’s stock worth $101,000 after purchasing an additional 2,019 shares in the last quarter. Institutional investors own 96.04% of the company’s stock.
NYSE MHO opened at $20.15 on Thursday. M/I Homes Inc has a 1 year low of $9.62 and a 1 year high of $48.02. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.31 and a quick ratio of 0.56. The stock has a market capitalization of $474.98 million, a PE ratio of 4.51 and a beta of 0.97. The company’s 50 day simple moving average is $33.97 and its two-hundred day simple moving average is $39.64.
M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, February 5th. The construction company reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.12). M/I Homes had a return on equity of 14.13% and a net margin of 5.10%. The firm had revenue of $742.15 million during the quarter, compared to analysts’ expectations of $754.06 million. During the same quarter in the prior year, the company earned $1.32 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that M/I Homes Inc will post 4.8 EPS for the current year.
Several research firms have issued reports on MHO. ValuEngine cut shares of M/I Homes from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 4th. Zacks Investment Research cut shares of M/I Homes from a “buy” rating to a “strong sell” rating in a research note on Tuesday, February 11th. Finally, JMP Securities upgraded shares of M/I Homes from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $46.67.
In other news, VP J Thomas Mason sold 15,833 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $42.50, for a total transaction of $672,902.50. Following the sale, the vice president now owns 15,774 shares in the company, valued at approximately $670,395. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert H. Schottenstein sold 29,089 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $42.47, for a total transaction of $1,235,409.83. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.
About M/I Homes
M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.
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