NewEdge Advisors LLC Grows Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

NewEdge Advisors LLC boosted its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 1,173.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,196 shares of the construction company's stock after acquiring an additional 2,945 shares during the period. NewEdge Advisors LLC's holdings in M/I Homes were worth $425,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MHO. Jump Financial LLC purchased a new stake in shares of M/I Homes during the 4th quarter valued at $1,587,000. Bridgewater Associates LP lifted its stake in M/I Homes by 55.2% during the fourth quarter. Bridgewater Associates LP now owns 25,560 shares of the construction company's stock worth $3,398,000 after purchasing an additional 9,094 shares during the last quarter. Walleye Capital LLC bought a new stake in M/I Homes during the fourth quarter worth about $1,884,000. Mariner LLC boosted its holdings in shares of M/I Homes by 1.8% in the 4th quarter. Mariner LLC now owns 25,021 shares of the construction company's stock worth $3,326,000 after purchasing an additional 433 shares in the last quarter. Finally, Barclays PLC increased its position in shares of M/I Homes by 34.1% during the 4th quarter. Barclays PLC now owns 169,796 shares of the construction company's stock valued at $22,574,000 after purchasing an additional 43,219 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Raymond James lowered their target price on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research note on Tuesday. Finally, StockNews.com lowered M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

M/I Homes Trading Up 2.8 %

MHO stock traded up $3.04 on Friday, reaching $110.36. The company's stock had a trading volume of 227,067 shares, compared to its average volume of 285,491. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The business has a fifty day simple moving average of $112.36 and a two-hundred day simple moving average of $132.36. The firm has a market cap of $2.96 billion, a PE ratio of 5.60 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 announced its earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) 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%. The firm had revenue of $976.09 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $4.78 EPS. The firm's revenue was down 7.4% on a year-over-year basis. As a group, research 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.