Legal & General Group Plc Lowers Holdings in M/I Homes, Inc. (NYSE:MHO)

Legal & General Group Plc cut its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,758 shares of the construction company's stock after selling 3,315 shares during the quarter. Legal & General Group Plc owned about 0.28% of M/I Homes worth $10,205,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Arkadios Wealth Advisors increased its holdings in shares of M/I Homes by 4.2% in the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock worth $296,000 after purchasing an additional 90 shares in the last quarter. Bay Rivers Group increased its holdings in M/I Homes by 2.7% in the 4th quarter. Bay Rivers Group now owns 4,911 shares of the construction company's stock worth $653,000 after buying an additional 128 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in M/I Homes by 5.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company's stock worth $324,000 after buying an additional 131 shares in the last quarter. Nvest Financial LLC raised its position in M/I Homes by 7.8% in the 4th quarter. Nvest Financial LLC now owns 1,822 shares of the construction company's stock worth $242,000 after buying an additional 132 shares during the last quarter. Finally, Colonial River Investments LLC lifted its stake in M/I Homes by 5.9% during the 4th 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 during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Stock Performance

Shares of NYSE:MHO traded up $0.60 during trading on Wednesday, hitting $109.93. The company's stock had a trading volume of 43,738 shares, compared to its average volume of 297,117. The company has a 50-day moving average of $114.20 and a 200-day moving average of $135.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 5.58 and a beta of 1.99. 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 released 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 20.20% and a net margin of 12.51%. On average, sell-side analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Raymond James reiterated a "strong-buy" rating and issued a $168.00 price target (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. 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. Finally, StockNews.com upgraded M/I Homes from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th.

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.