Victory Capital Management Inc. Has $4.82 Million Stock Position in M/I Homes, Inc. (NYSE:MHO)

Victory Capital Management Inc. cut its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 10.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,221 shares of the construction company's stock after selling 4,828 shares during the period. Victory Capital Management Inc. owned about 0.16% of M/I Homes worth $4,821,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MHO. Fifth Third Bancorp lifted its stake in shares of M/I Homes by 38.3% during the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock valued at $43,000 after acquiring an additional 105 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of M/I Homes in the fourth quarter worth about $50,000. GAMMA Investing LLC increased its holdings in shares of M/I Homes by 57.6% in the first quarter. GAMMA Investing LLC now owns 919 shares of the construction company's stock worth $105,000 after acquiring an additional 336 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of M/I Homes by 72.4% in the fourth 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. Finally, CWM LLC grew its holdings in shares of M/I Homes by 75.2% during the first quarter. CWM LLC now owns 1,284 shares of the construction company's stock worth $147,000 after buying an additional 551 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MHO. Wall Street Zen cut M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Raymond James Financial dropped their price objective 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.

M/I Homes Stock Up 1.1%

MHO opened at $122.41 on Friday. The company has a market cap of $3.28 billion, a P/E ratio of 6.72 and a beta of 1.64. The business's 50-day moving average price is $111.88 and its 200-day moving average price is $115.31. The company has a current ratio of 6.95, a quick ratio of 1.79 and a debt-to-equity ratio of 0.32. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing the consensus estimate of $4.43 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current 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.

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