OMERS ADMINISTRATION Corp Cuts Stock Position in M/I Homes, Inc. (NYSE:MHO)

OMERS ADMINISTRATION Corp lessened its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 41.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,900 shares of the construction company's stock after selling 5,700 shares during the period. OMERS ADMINISTRATION Corp's holdings in M/I Homes were worth $1,050,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of M/I Homes by 45.7% in the third quarter. Barclays PLC now owns 126,577 shares of the construction company's stock valued at $21,690,000 after buying an additional 39,711 shares during the last quarter. Burney Co. bought a new stake in shares of M/I Homes during the 4th quarter valued at approximately $476,000. Hennessy Advisors Inc. bought a new position in M/I Homes in the fourth quarter valued at about $43,674,000. Arkadios Wealth Advisors lifted its holdings in shares of M/I Homes by 4.2% during the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock worth $296,000 after purchasing an additional 90 shares during the period. Finally, Ellsworth Advisors LLC boosted its holdings in M/I Homes by 11.8% in the fourth quarter. Ellsworth Advisors LLC now owns 3,936 shares of the construction company's stock valued at $523,000 after acquiring an additional 415 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

M/I Homes Stock Performance

NYSE:MHO traded down $1.07 on Thursday, reaching $105.33. 57,273 shares of the company's stock were exchanged, compared to its average volume of 283,814. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 5.35 and a beta of 1.75. 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 stock has a fifty day simple moving average of $110.37 and a 200-day simple moving average of $128.15.

M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company posted $4.78 EPS. The business's revenue was down 7.4% on a year-over-year basis. As a group, sell-side analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MHO. Wall Street Zen lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Raymond James cut their price objective on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th.

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.