Mackenzie Financial Corp Sells 1,665 Shares of M/I Homes, Inc. (NYSE:MHO)

Mackenzie Financial Corp lessened its position in M/I Homes, Inc. (NYSE:MHO) by 16.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,728 shares of the construction company’s stock after selling 1,665 shares during the period. Mackenzie Financial Corp’s holdings in M/I Homes were worth $1,202,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in M/I Homes in the 4th quarter worth $29,000. Strs Ohio grew its holdings in 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 acquiring an additional 200 shares during the last quarter. Clearstead Advisors LLC grew its holdings in M/I Homes by 1,979.2% in the 3rd quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock worth $42,000 after acquiring an additional 475 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in M/I Homes in the 3rd quarter worth $188,000. Finally, Nisa Investment Advisors LLC grew its holdings in 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 worth $329,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Activity at M/I Homes

In related news, insider Ann Marie Hunker sold 2,461 shares of M/I Homes stock in a transaction dated 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 transaction, the insider now directly owns 2,342 shares of the company’s stock, valued at approximately $300,970.42. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 4.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

M/I Homes Trading Up 2.5 %

Shares of MHO opened at $122.42 on Thursday. The firm’s 50-day moving average price is $123.29 and its 200-day moving average price is $115.77. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 7.54 and a beta of 2.13. The company has a current ratio of 6.84, a quick ratio of 1.68 and a debt-to-equity ratio of 0.34. M/I Homes, Inc. has a 1-year low of $63.39 and a 1-year high of $140.73.

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

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.