Hsbc Holdings PLC Has $3.18 Million Position in M/I Homes, Inc. (NYSE:MHO)

Hsbc Holdings PLC raised its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 17.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 23,745 shares of the construction company's stock after acquiring an additional 3,571 shares during the period. Hsbc Holdings PLC owned about 0.09% of M/I Homes worth $3,179,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

MHO has been the subject of several recent analyst reports. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. StockNews.com lowered M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Finally, Raymond James dropped their price target on 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 Performance

Shares of M/I Homes stock traded down $0.41 on Monday, hitting $110.13. The stock had a trading volume of 23,881 shares, compared to its average volume of 292,705. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 5.59 and a beta of 1.99. The business's 50 day moving average is $112.36 and its two-hundred day moving average is $132.08. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $976.09 million for the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.78 EPS. Analysts forecast 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.