Virtus Investment Advisers Inc. Has $266,000 Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Virtus Investment Advisers Inc. lessened its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 56.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the construction company's stock after selling 2,600 shares during the quarter. Virtus Investment Advisers Inc.'s holdings in M/I Homes were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Principal Securities Inc. acquired a new position in M/I Homes in the fourth quarter worth $27,000. R Squared Ltd bought a new stake in shares of M/I Homes during the fourth quarter worth $33,000. Aster Capital Management DIFC Ltd bought a new stake in shares of M/I Homes during the fourth quarter worth $50,000. Steward Partners Investment Advisory LLC bought a new stake in shares of M/I Homes during the fourth quarter worth $70,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of M/I Homes during the fourth quarter worth $80,000. Institutional investors and hedge funds own 95.14% of the company's stock.

M/I Homes Stock Down 0.1%

Shares of MHO stock traded down $0.07 on Thursday, hitting $106.32. 271,663 shares of the stock were exchanged, compared to its average volume of 284,791. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.85 billion, a P/E ratio of 5.39 and a beta of 1.75. The business has a 50-day moving average of $110.37 and a 200 day moving average of $128.15. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The firm's quarterly 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. Equities analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analysts Set New Price Targets

MHO has been the subject of a number of recent research reports. Raymond James dropped their target price on 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. Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Wall Street Zen downgraded M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

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.