M/I Homes, Inc. (NYSE:MHO) Stock Position Lifted by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 44.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,040 shares of the construction company's stock after purchasing an additional 2,466 shares during the period. ProShare Advisors LLC's holdings in M/I Homes were worth $1,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of M/I Homes by 45.7% in the third quarter. Barclays PLC now owns 126,577 shares of the construction company's stock valued at $21,690,000 after purchasing an additional 39,711 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of M/I Homes by 4.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock worth $296,000 after acquiring an additional 90 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in M/I Homes by 35.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,636 shares of the construction company's stock worth $483,000 after purchasing an additional 942 shares during the last quarter. Inspire Investing LLC raised its stake in shares of M/I Homes by 23.4% during the 4th quarter. Inspire Investing LLC now owns 2,992 shares of the construction company's stock worth $398,000 after buying an additional 568 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of M/I Homes by 5.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,587 shares of the construction company's stock worth $876,000 after buying an additional 344 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MHO. Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Raymond James cut their price target on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 29th. Finally, Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

M/I Homes Trading Down 2.8%

MHO traded down $3.11 during midday trading on Wednesday, hitting $106.43. The company's stock had a trading volume of 26,376 shares, compared to its average volume of 283,444. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The firm has a 50-day moving average price of $109.61 and a two-hundred day moving average price of $126.40. 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 cap of $2.85 billion, a P/E ratio of 5.41 and a beta of 1.75.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings data 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 company 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 company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the business earned $4.78 earnings per share. On average, research analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

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.