Empowered Funds LLC Cuts Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Empowered Funds LLC cut its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,785 shares of the construction company's stock after selling 70,497 shares during the period. Empowered Funds LLC owned approximately 0.11% of M/I Homes worth $3,960,000 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. CWM LLC increased its holdings in M/I Homes by 66.3% in the third quarter. CWM LLC now owns 843 shares of the construction company's stock valued at $144,000 after buying an additional 336 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of M/I Homes in the third quarter valued at approximately $279,000. Creative Planning grew its position in shares of M/I Homes by 56.1% in the third quarter. Creative Planning now owns 6,494 shares of the construction company's stock valued at $1,113,000 after purchasing an additional 2,335 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of M/I Homes in the third quarter valued at approximately $457,000. Finally, Ellsworth Advisors LLC acquired a new stake in shares of M/I Homes in the third quarter valued at approximately $603,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Trading Up 1.1 %

NYSE MHO traded up $1.26 during mid-day trading on Friday, reaching $119.11. 300,475 shares of the stock were exchanged, compared to its average volume of 334,952. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The business's fifty day simple moving average is $133.61 and its 200 day simple moving average is $150.44. The stock has a market capitalization of $3.31 billion, a PE ratio of 6.04 and a beta of 2.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.32.

M/I Homes (NYSE:MHO - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. On average, research analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on MHO. StockNews.com lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Raymond James reiterated a "strong-buy" rating and issued a $168.00 price target (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Finally, Wedbush upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $155.00 to $185.00 in a research report on Monday, November 4th.

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.