Ameriprise Financial Inc. Sells 1,719 Shares of M/I Homes, Inc. (NYSE:MHO)

Ameriprise Financial Inc. lessened its holdings in M/I Homes, Inc. (NYSE:MHO) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,478 shares of the construction company’s stock after selling 1,719 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.34% of M/I Homes worth $12,428,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MHO. Vontobel Holding Ltd. increased its stake in shares of M/I Homes by 107.2% in the fourth quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company’s stock valued at $734,000 after buying an additional 2,858 shares during the period. Congress Asset Management Co. boosted its holdings in M/I Homes by 11.7% in the fourth quarter. Congress Asset Management Co. now owns 51,248 shares of the construction company’s stock valued at $6,813,000 after acquiring an additional 5,379 shares during the last quarter. Smartleaf Asset Management LLC increased its position in M/I Homes by 283.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company’s stock valued at $88,000 after purchasing an additional 493 shares during the period. Arkadios Wealth Advisors raised its holdings in M/I Homes by 4.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock worth $296,000 after purchasing an additional 90 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of M/I Homes by 9.4% in the 4th quarter. Corient Private Wealth LLC now owns 2,403 shares of the construction company’s stock worth $319,000 after purchasing an additional 207 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MHO has been the subject of a number of analyst reports. StockNews.com downgraded shares of M/I Homes from a “buy” rating to a “hold” rating in a research note on Friday, April 25th. Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, Raymond James cut their target price on M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, April 29th.

M/I Homes Stock Up 1.7%

Shares of NYSE MHO opened at $112.25 on Monday. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.01 billion, a PE ratio of 5.70 and a beta of 1.75. The company’s fifty day simple moving average is $110.82 and its 200 day simple moving average is $128.71. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.16 by ($0.18). The company had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. M/I Homes’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.78 EPS. As a group, sell-side analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

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.