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Cambridge Investment Research Advisors Inc. Has $260,000 Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

M/I Homes logo with Construction background

Cambridge Investment Research Advisors Inc. decreased its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 88.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,279 shares of the construction company's stock after selling 17,090 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in M/I Homes were worth $260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Donald Smith & CO. Inc. increased its stake in M/I Homes by 6.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock valued at $154,779,000 after purchasing an additional 65,771 shares in the last quarter. American Century Companies Inc. raised its position in shares of M/I Homes by 2.4% in the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock valued at $113,063,000 after buying an additional 20,055 shares during the last quarter. Franklin Resources Inc. raised its position in shares of M/I Homes by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company's stock valued at $91,402,000 after buying an additional 15,685 shares during the last quarter. Northern Trust Corp raised its position in shares of M/I Homes by 8.4% in the fourth quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock valued at $46,134,000 after buying an additional 26,820 shares during the last quarter. Finally, Royce & Associates LP increased its position in M/I Homes by 42.5% during the fourth quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock worth $36,544,000 after purchasing an additional 81,964 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

M/I Homes Stock Performance

Shares of MHO stock traded up $0.23 on Thursday, hitting $115.58. 5,498 shares of the stock traded hands, compared to its average volume of 288,239. 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 company has a market capitalization of $3.10 billion, a PE ratio of 6.13 and a beta of 1.64. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The company's fifty day moving average is $110.80 and its 200 day moving average is $115.97.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. 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 for the company in a research report on Tuesday, April 29th. Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th.

View Our Latest Report on MHO

M/I Homes Profile

(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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Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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