M/I Homes, Inc. (NYSE:MHO) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 17.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,834 shares of the construction company's stock after selling 21,813 shares during the period. Nuveen Asset Management LLC owned 0.38% of M/I Homes worth $14,071,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. Principal Securities Inc. acquired a new position in M/I Homes in the 4th quarter valued at about $27,000. R Squared Ltd purchased a new stake in M/I Homes during the 4th quarter worth approximately $33,000. Aster Capital Management DIFC Ltd purchased a new position in M/I Homes in the fourth quarter valued at $50,000. Steward Partners Investment Advisory LLC purchased a new position in shares of M/I Homes in the 4th quarter valued at about $70,000. Finally, Jones Financial Companies Lllp acquired a new position in M/I Homes during the 4th quarter worth approximately $80,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Trading Down 0.1%

Shares of NYSE:MHO traded down $0.07 during trading on Friday, reaching $106.99. 48,232 shares of the stock were exchanged, compared to its average volume of 277,520. The firm's 50-day moving average price is $109.16 and its 200 day moving average price is $125.86. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 5.43 and a beta of 1.75. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65.

M/I Homes (NYSE:MHO - Get Free Report) last announced 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). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The company had revenue of $976.09 million for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the business posted $4.78 earnings per share. The business's quarterly revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MHO. Raymond James reduced 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 report on Friday, April 25th. Finally, Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

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.