SG Americas Securities LLC Buys New Shares in M/I Homes, Inc. (NYSE:MHO)

SG Americas Securities LLC bought a new position in M/I Homes, Inc. (NYSE:MHO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,022 shares of the construction company's stock, valued at approximately $688,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Summit Investment Advisors Inc. increased its stake in M/I Homes by 3.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company's stock valued at $371,000 after purchasing an additional 98 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of M/I Homes by 5.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company's stock valued at $324,000 after buying an additional 131 shares during the last quarter. Colonial River Investments LLC increased its position in shares of M/I Homes by 5.9% during the fourth quarter. Colonial River Investments LLC now owns 2,451 shares of the construction company's stock valued at $326,000 after acquiring an additional 136 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in M/I Homes by 7.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,124 shares of the construction company's stock worth $282,000 after acquiring an additional 155 shares during the last quarter. Finally, BOKF NA lifted its position in M/I Homes by 5.5% in the 4th quarter. BOKF NA now owns 3,396 shares of the construction company's stock valued at $422,000 after acquiring an additional 176 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Stock Performance

M/I Homes stock traded up $1.83 during mid-day trading on Tuesday, reaching $112.20. 273,670 shares of the stock traded hands, compared to its average volume of 282,945. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18. The business's 50-day moving average is $107.93 and its 200-day moving average is $119.11. 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 stock has a market capitalization of $3.00 billion, a PE ratio of 5.93 and a beta of 1.65.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly 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 12.11% and a return on equity of 18.62%. The business had revenue of $976.09 million for the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the previous year, the company earned $4.78 EPS. M/I Homes's revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on MHO shares. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Raymond James Financial lowered their target price on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 29th. Finally, Wall Street Zen lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research note 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.