SG Americas Securities LLC lessened its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 89.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,565 shares of the construction company's stock after selling 21,936 shares during the quarter. SG Americas Securities LLC's holdings in M/I Homes were worth $353,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of MHO. Legal & General Group Plc raised its stake in M/I Homes by 0.3% during the fourth quarter. Legal & General Group Plc now owns 65,727 shares of the construction company's stock worth $3,035,000 after acquiring an additional 177 shares during the period. Strs Ohio raised its stake in M/I Homes by 200.0% during the third quarter. Strs Ohio now owns 300 shares of the construction company's stock worth $25,000 after acquiring an additional 200 shares during the period. Rhumbline Advisers raised its stake in M/I Homes by 0.3% during the first quarter. Rhumbline Advisers now owns 89,475 shares of the construction company's stock worth $3,968,000 after acquiring an additional 234 shares during the period. Walleye Capital LLC raised its stake in M/I Homes by 4.4% during the third quarter. Walleye Capital LLC now owns 5,916 shares of the construction company's stock worth $497,000 after acquiring an additional 249 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in M/I Homes by 1.1% during the first quarter. Great West Life Assurance Co. Can now owns 25,510 shares of the construction company's stock worth $1,161,000 after acquiring an additional 281 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.
M/I Homes Stock Performance
Shares of NYSE:MHO traded down $0.45 during trading hours on Monday, hitting $125.33. The stock had a trading volume of 410,986 shares, compared to its average volume of 271,319. The stock's fifty day simple moving average is $125.53 and its 200 day simple moving average is $112.97. M/I Homes, Inc. has a 1-year low of $58.93 and a 1-year high of $140.73. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 7.74 and a beta of 2.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.68 and a current ratio of 6.84.
M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.66 EPS for the quarter, missing the consensus estimate of $4.94 by ($1.28). M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. The firm had revenue of $972.59 million during the quarter, compared to analyst estimates of $1.19 billion. Sell-side analysts anticipate that M/I Homes, Inc. will post 16.35 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
MHO has been the topic of several research reports. StockNews.com upgraded shares of M/I Homes from a "hold" rating to a "buy" rating in a research note on Monday, February 19th. Wedbush lowered shares of M/I Homes from an "outperform" rating to a "neutral" rating and set a $116.00 price target on the stock. in a research note on Monday, December 18th.
View Our Latest Analysis on MHO
Insider Buying and Selling at M/I Homes
In other news, insider Ann Marie Hunker sold 2,461 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the transaction, the insider now directly owns 2,342 shares in the company, valued at $300,970.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.60% of the stock is owned by company insiders.
M/I Homes Company Profile
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Free Report)
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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