M/I Homes, Inc. (NYSE:MHO) Holdings Raised by Cerity Partners LLC

Cerity Partners LLC boosted its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 431.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,324 shares of the construction company's stock after acquiring an additional 74,136 shares during the quarter. Cerity Partners LLC owned 0.34% of M/I Homes worth $10,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of M/I Homes by 2.6% during the first quarter. Principal Financial Group Inc. now owns 144,678 shares of the construction company's stock worth $16,519,000 after purchasing an additional 3,698 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of M/I Homes by 57.6% during the 1st quarter. GAMMA Investing LLC now owns 919 shares of the construction company's stock valued at $105,000 after buying an additional 336 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in M/I Homes by 17.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,205 shares of the construction company's stock worth $594,000 after acquiring an additional 763 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in M/I Homes by 44.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,707 shares of the construction company's stock worth $880,000 after acquiring an additional 2,363 shares during the period. Finally, Fifth Third Bancorp grew its position in M/I Homes by 38.3% in the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock valued at $43,000 after acquiring an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MHO. Wall Street Zen cut shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Raymond James Financial cut their price objective 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.

M/I Homes Stock Up 0.3%

Shares of MHO traded up $0.39 during trading on Thursday, reaching $115.74. The company's stock had a trading volume of 341,906 shares, compared to its average volume of 289,544. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 6.12 and a beta of 1.64. The company has a quick ratio of 1.79, a current ratio of 7.43 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $110.80 and a two-hundred day moving average of $115.97. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.16 by ($0.18). The company had revenue of $976.09 million during the quarter, compared to analyst estimates 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 was down 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.78 earnings per share. On average, sell-side analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

M/I Homes 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.