NewEdge Advisors LLC Acquires 2,945 Shares of M/I Homes, Inc. (NYSE:MHO)

NewEdge Advisors LLC grew its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 1,173.3% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of M/I Homes by 45.7% in the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company's stock valued at $21,690,000 after purchasing an additional 39,711 shares during the period. Invst LLC lifted its stake in shares of M/I Homes by 20.7% in the 3rd quarter. Invst LLC now owns 3,395 shares of the construction company's stock valued at $582,000 after purchasing an additional 582 shares during the period. World Investment Advisors LLC purchased a new position in shares of M/I Homes in the 3rd quarter valued at approximately $4,698,000. Cim Investment Management Inc. purchased a new position in shares of M/I Homes in the 3rd quarter valued at approximately $246,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of M/I Homes by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 267,684 shares of the construction company's stock valued at $45,870,000 after purchasing an additional 14,321 shares during the period. Institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MHO shares. Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. StockNews.com cut M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Raymond James lowered their price objective 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.

M/I Homes Stock Up 0.6 %

NYSE:MHO traded up $0.62 during trading hours on Thursday, reaching $107.30. 270,260 shares of the company traded hands, compared to its average volume of 285,522. The business's 50-day moving average price is $112.75 and its two-hundred day moving average price is $133.47. The stock has a market capitalization of $2.87 billion, a P/E ratio of 5.44 and a beta of 1.99. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). The business had revenue of $976.09 million during 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 revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $4.78 EPS. Analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

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.