Nuveen Asset Management LLC Sells 21,813 Shares of M/I Homes, Inc. (NYSE:MHO)

Nuveen Asset Management LLC lowered its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,834 shares of the construction company’s stock after selling 21,813 shares during the quarter. Nuveen Asset Management LLC owned 0.38% of M/I Homes worth $14,071,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vontobel Holding Ltd. grew its holdings in M/I Homes by 107.2% during the fourth quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company’s stock worth $734,000 after buying an additional 2,858 shares in the last quarter. Congress Asset Management Co. grew its stake in M/I Homes by 11.7% in the 4th quarter. Congress Asset Management Co. now owns 51,248 shares of the construction company’s stock valued at $6,813,000 after purchasing an additional 5,379 shares during the period. Smartleaf Asset Management LLC grew its stake in M/I Homes by 283.3% in 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. Corient Private Wealth LLC grew its stake in 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 valued at $319,000 after purchasing an additional 207 shares during the period. Finally, Shaker Investments LLC OH grew its stake in M/I Homes by 21.8% in the 4th quarter. Shaker Investments LLC OH now owns 18,396 shares of the construction company’s stock valued at $2,446,000 after purchasing an additional 3,287 shares during the period. Institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Up 0.3%

MHO stock opened at $106.58 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 5.41 and a beta of 1.75. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The stock has a fifty day moving average of $109.99 and a 200-day moving average of $126.94.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results 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 firm had revenue of $976.09 million for the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.78 EPS. As a group, equities research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Raymond James reduced their price objective on M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating for the company in a research note on Tuesday, April 29th. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, Wall Street Zen downgraded M/I Homes from a “buy” rating to a “hold” rating in a research note on Friday, April 25th.

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.