Congress Wealth Management LLC DE cut its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 53.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,950 shares of the construction company's stock after selling 18,175 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.06% of M/I Homes worth $2,121,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in shares of M/I Homes in the fourth quarter valued at about $27,000. R Squared Ltd bought a new stake in M/I Homes during the 4th quarter valued at approximately $33,000. Daiwa Securities Group Inc. bought a new stake in M/I Homes during the 3rd quarter valued at approximately $86,000. Private Trust Co. NA acquired a new stake in M/I Homes in the 3rd quarter valued at approximately $88,000. Finally, Steward Partners Investment Advisory LLC bought a new position in M/I Homes in the 4th quarter worth approximately $70,000. Institutional investors own 95.14% of the company's stock.
Wall Street Analyst Weigh In
MHO has been the subject of several research reports. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. StockNews.com raised shares of M/I Homes from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, Raymond James restated a "strong-buy" rating and set a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.
Read Our Latest Stock Report on MHO
M/I Homes Stock Performance
Shares of NYSE:MHO traded up $0.66 during trading on Monday, hitting $114.12. 214,717 shares of the stock were exchanged, compared to its average volume of 287,642. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 5.79 and a beta of 2.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The company's fifty day simple moving average is $120.81 and its 200-day simple moving average is $142.76.
M/I Homes (NYSE:MHO - Get Free Report) last issued its earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. Sell-side analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.
About M/I Homes
(
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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