Man Group plc Raises Holdings in M/I Homes, Inc. (NYSE:MHO)

Man Group plc raised its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 45.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,989 shares of the construction company's stock after acquiring an additional 7,477 shares during the quarter. Man Group plc owned approximately 0.09% of M/I Homes worth $3,189,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vontobel Holding Ltd. increased its position in M/I Homes by 107.2% during the 4th quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company's stock valued at $734,000 after buying an additional 2,858 shares in the last quarter. Congress Asset Management Co. grew its stake in shares of M/I Homes by 11.7% during the fourth quarter. Congress Asset Management Co. now owns 51,248 shares of the construction company's stock worth $6,813,000 after acquiring an additional 5,379 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of M/I Homes by 283.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company's stock valued at $88,000 after acquiring an additional 493 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of M/I Homes by 4.2% during the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock valued at $296,000 after acquiring an additional 90 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of M/I Homes by 9.4% in the 4th quarter. Corient Private Wealth LLC now owns 2,403 shares of the construction company's stock valued at $319,000 after purchasing an additional 207 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Stock Down 2.8%

Shares of MHO stock traded down $3.11 during trading on Wednesday, reaching $106.43. The company's stock had a trading volume of 26,376 shares, compared to its average volume of 278,096. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 5.41 and a beta of 1.75. The stock's 50-day moving average price is $109.61 and its 200 day moving average price is $126.40.

M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.16 by ($0.18). The business had revenue of $976.09 million during the quarter, compared to analysts' expectations of $1.12 billion. M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $4.78 EPS. On average, research analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on MHO shares. Wall Street Zen downgraded M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Raymond James lowered their price objective on 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 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.