M/I Homes (NYSE:MHO) Cut to Hold at StockNews.com

M/I Homes (NYSE:MHO - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Friday.

Other research analysts have also issued reports about the stock. Raymond James restated a "strong-buy" rating and issued a $168.00 target price (down from $210.00) on shares of M/I Homes in a report on Thursday. Wedbush upgraded M/I Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $155.00 to $185.00 in a report on Monday, November 4th.

M/I Homes Stock Performance

Shares of NYSE:MHO traded down $4.81 during midday trading on Friday, hitting $120.99. The stock had a trading volume of 255,594 shares, compared to its average volume of 320,688. The company has a current ratio of 7.32, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $142.70 and a two-hundred day moving average price of $153.19. M/I Homes has a 1 year low of $109.92 and a 1 year high of $176.18. The company has a market capitalization of $3.36 billion, a PE ratio of 6.14 and a beta of 2.29.

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 for the quarter, missing analysts' consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. As a group, equities analysts predict that M/I Homes will post 18.44 earnings per share for the current fiscal year.

Insider Activity at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 18,545 shares of the company's stock, valued at $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On M/I Homes

A number of institutional investors and hedge funds have recently bought and sold shares of MHO. V Square Quantitative Management LLC acquired a new position in M/I Homes in the third quarter worth about $27,000. Principal Securities Inc. acquired a new position in shares of M/I Homes during the fourth quarter valued at $27,000. R Squared Ltd bought a new stake in shares of M/I Homes during the 4th quarter worth about $33,000. Signaturefd LLC lifted its position in M/I Homes by 49.4% in the third quarter. Signaturefd LLC now owns 354 shares of the construction company's stock worth $61,000 after purchasing an additional 117 shares during the period. Finally, Quarry LP boosted its stake in M/I Homes by 148.0% during the second quarter. Quarry LP now owns 558 shares of the construction company's stock valued at $68,000 after buying an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

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.