Bank of New York Mellon Corp decreased its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 216,040 shares of the construction company's stock after selling 6,994 shares during the period. Bank of New York Mellon Corp owned approximately 0.80% of M/I Homes worth $24,667,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. World Investment Advisors raised its holdings in shares of M/I Homes by 42.8% in the 1st quarter. World Investment Advisors now owns 2,180 shares of the construction company's stock valued at $249,000 after purchasing an additional 653 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of M/I Homes by 2.6% in the first quarter. Principal Financial Group Inc. now owns 144,678 shares of the construction company's stock worth $16,519,000 after acquiring an additional 3,698 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in M/I Homes by 44.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,707 shares of the construction company's stock valued at $880,000 after acquiring an additional 2,363 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of M/I Homes in the 1st quarter worth about $210,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of M/I Homes by 30.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 8,568 shares of the construction company's stock valued at $978,000 after purchasing an additional 1,981 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.
M/I Homes Trading Up 0.3%
Shares of M/I Homes stock opened at $115.74 on Friday. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The stock has a fifty day moving average price of $110.90 and a 200-day moving average price of $115.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 7.43 and a quick ratio of 1.79. The firm has a market cap of $3.10 billion, a PE ratio of 6.12 and a beta of 1.64.
M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.16 by ($0.18). The firm had revenue of $976.09 million for the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a net margin of 12.11% and a return on equity of 18.62%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.78 earnings per share. Equities research analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on MHO shares. Wall Street Zen cut shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Raymond James Financial decreased their price target on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research note on Tuesday, April 29th.
View Our Latest Analysis on MHO
About M/I Homes
(
Free Report)
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.
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