Nisa Investment Advisors LLC Has $329,000 Stake in M/I Homes, Inc. (NYSE:MHO)

Nisa Investment Advisors LLC raised its holdings in M/I Homes, Inc. (NYSE:MHO) by 26.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,388 shares of the construction company’s stock after purchasing an additional 500 shares during the period. Nisa Investment Advisors LLC’s holdings in M/I Homes were worth $329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Strs Ohio boosted its position in shares of M/I Homes by 200.0% in the 3rd quarter. Strs Ohio now owns 300 shares of the construction company’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in M/I Homes in the fourth quarter valued at about $29,000. Clearstead Advisors LLC boosted its holdings in M/I Homes by 1,979.2% during the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock worth $42,000 after buying an additional 475 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of M/I Homes during the 1st quarter worth about $43,000. Finally, Quarry LP increased its stake in shares of M/I Homes by 120.9% in the 1st quarter. Quarry LP now owns 815 shares of the construction company’s stock valued at $51,000 after acquiring an additional 446 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Price Performance

MHO opened at $110.66 on Friday. The stock has a market cap of $3.07 billion, a P/E ratio of 6.81 and a beta of 2.13. M/I Homes, Inc. has a 12 month low of $63.39 and a 12 month high of $140.73. The company has a quick ratio of 1.68, a current ratio of 6.84 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $123.78 and a 200 day simple moving average of $114.53.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($1.28). The business had revenue of $972.59 million during the quarter, compared to the consensus estimate of $1.19 billion. M/I Homes had a return on equity of 19.75% and a net margin of 11.54%. On average, research analysts expect that M/I Homes, Inc. will post 16.35 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Monday, February 19th.

Insider Buying and Selling

In other news, insider Ann Marie Hunker sold 2,461 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the sale, the insider now owns 2,342 shares of the company’s stock, valued at $300,970.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is owned by company insiders.

About M/I Homes

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.