Stratos Wealth Partners LTD. Cuts Stake in M/I Homes, Inc. (NYSE:MHO)

Stratos Wealth Partners LTD. trimmed its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 50.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,191 shares of the construction company's stock after selling 15,380 shares during the period. Stratos Wealth Partners LTD. owned about 0.06% of M/I Homes worth $1,735,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MHO. Aster Capital Management DIFC Ltd bought a new position in M/I Homes in the 4th quarter worth about $50,000. Fifth Third Bancorp grew its stake in M/I Homes by 38.3% in the 1st quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock worth $43,000 after acquiring an additional 105 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in M/I Homes in the 4th quarter worth about $70,000. Jones Financial Companies Lllp bought a new position in M/I Homes in the 4th quarter worth about $80,000. Finally, National Bank of Canada FI grew its stake in M/I Homes by 72.4% in the 4th quarter. National Bank of Canada FI now owns 855 shares of the construction company's stock worth $114,000 after acquiring an additional 359 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on MHO. 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. Raymond James Financial dropped 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.

M/I Homes Stock Down 1.0%

Shares of MHO traded down $1.20 during mid-day trading on Monday, hitting $119.79. The company's stock had a trading volume of 385,110 shares, compared to its average volume of 288,170. The company's 50-day moving average is $110.54 and its 200-day moving average is $115.98. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 6.33 and a beta of 1.64. The company has a current ratio of 7.43, a quick ratio of 1.79 and a debt-to-equity ratio of 0.31.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings results 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). M/I Homes had a return on equity of 18.62% and a net margin of 12.11%. The business had revenue of $976.09 million during the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the previous year, the company posted $4.78 EPS. M/I Homes's revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

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.