Allspring Global Investments Holdings LLC Cuts Holdings in M/I Homes, Inc. (NYSE:MHO)

Allspring Global Investments Holdings LLC decreased its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 89.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,212 shares of the construction company’s stock after selling 50,442 shares during the period. Allspring Global Investments Holdings LLC’s holdings in M/I Homes were worth $856,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. purchased a new position in shares of M/I Homes in the 4th quarter valued at about $29,000. Strs Ohio increased its holdings 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 valued at $25,000 after acquiring an additional 200 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of M/I Homes by 1,979.2% in the 3rd quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after acquiring an additional 475 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of M/I Homes in the 3rd quarter valued at about $188,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of M/I Homes by 26.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,388 shares of the construction company’s stock valued at $329,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, insider Ann Marie Hunker sold 2,461 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the transaction, the insider now owns 2,342 shares in the company, valued at approximately $300,970.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.10% of the stock is currently owned by company insiders.

M/I Homes Trading Up 2.5 %

NYSE:MHO opened at $122.42 on Thursday. The stock’s 50 day moving average price is $123.29 and its 200 day moving average price is $115.77. The company has a market capitalization of $3.40 billion, a PE ratio of 7.54 and a beta of 2.13. The company has a quick ratio of 1.68, a current ratio of 6.84 and a debt-to-equity ratio of 0.34. M/I Homes, Inc. has a 52-week low of $63.39 and a 52-week high of $140.73.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($1.28). The firm had revenue of $972.59 million for the quarter, compared to analysts’ expectations 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 anticipate that M/I Homes, Inc. will post 16.35 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on MHO shares. StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a report on Monday, February 19th. Wedbush reiterated a “neutral” rating and issued a $130.00 price objective (up previously from $116.00) on shares of M/I Homes in a report on Wednesday.

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.