Avior Wealth Management LLC Has $257,000 Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Avior Wealth Management LLC trimmed its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 56.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,935 shares of the construction company's stock after selling 2,521 shares during the quarter. Avior Wealth Management LLC's holdings in M/I Homes were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MHO. Janney Montgomery Scott LLC grew its stake in shares of M/I Homes by 35.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,636 shares of the construction company's stock valued at $483,000 after purchasing an additional 942 shares during the last quarter. Ellsworth Advisors LLC raised its position in shares of M/I Homes by 11.8% during the fourth quarter. Ellsworth Advisors LLC now owns 3,936 shares of the construction company's stock worth $523,000 after acquiring an additional 415 shares during the last quarter. Arkadios Wealth Advisors lifted its stake 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 valued at $296,000 after acquiring an additional 90 shares during the period. Hennessy Advisors Inc. bought a new position in M/I Homes in the fourth quarter valued at about $43,674,000. Finally, Burney Co. acquired a new stake in M/I Homes in the fourth quarter worth about $476,000. Institutional investors own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MHO. Wedbush upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating and upped their target price for the company from $155.00 to $185.00 in a research report on Monday, November 4th. Raymond James reaffirmed a "strong-buy" rating and issued a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research note on Thursday. Finally, StockNews.com lowered M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday.

Insider Activity

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total value of $3,200,000.00. Following the transaction, the chief financial officer now owns 18,545 shares of the company's stock, valued at approximately $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by company insiders.

M/I Homes Trading Down 3.2 %

M/I Homes stock traded down $4.12 during midday trading on Friday, hitting $125.84. 365,580 shares of the stock were exchanged, compared to its average volume of 326,095. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.49 billion, a PE ratio of 6.38 and a beta of 2.29. The company has a fifty day simple moving average of $143.40 and a two-hundred day simple moving average of $153.22.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.56%. Equities research analysts anticipate that M/I Homes, Inc. will post 20.42 EPS for the current fiscal 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.