Shell Asset Management Co. reduced its position in M/I Homes, Inc. (NYSE:MHO – Get Rating) by 12.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,470 shares of the construction company's stock after selling 1,402 shares during the period. Shell Asset Management Co.'s holdings in M/I Homes were worth $420,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in MHO. National Bank of Canada FI purchased a new position in M/I Homes in the 4th quarter worth approximately $49,000. Janney Montgomery Scott LLC grew its position in M/I Homes by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,540 shares of the construction company's stock worth $531,000 after purchasing an additional 220 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in M/I Homes in the 4th quarter worth approximately $2,184,000. Yousif Capital Management LLC bought a new stake in M/I Homes in the 4th quarter worth approximately $1,670,000. Finally, Dupont Capital Management Corp bought a new stake in M/I Homes in the 4th quarter worth approximately $392,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.
Get M/I Homes alerts:M/I Homes Trading Up 4.3 %
Shares of MHO stock opened at $46.24 on Friday. M/I Homes, Inc. has a 1 year low of $34.33 and a 1 year high of $69.22. The firm has a fifty day moving average price of $43.14 and a 200-day moving average price of $45.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.62 and a quick ratio of 0.52. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 3.12 and a beta of 1.89.
M/I Homes (NYSE:MHO – Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The construction company reported $4.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.78 by $1.01. M/I Homes had a net margin of 11.23% and a return on equity of 26.32%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. As a group, equities analysts predict that M/I Homes, Inc. will post 16.45 earnings per share for the current year.Wall Street Analyst Weigh In
Separately, TheStreet downgraded shares of M/I Homes from a "b-" rating to a "c+" rating in a research report on Wednesday, July 6th.
M/I Homes Company Profile
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M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family 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. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name.
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