SG Americas Securities LLC Takes $688,000 Position in M/I Homes, Inc. (NYSE:MHO)

SG Americas Securities LLC bought a new stake in M/I Homes, Inc. (NYSE:MHO) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,022 shares of the construction company’s stock, valued at approximately $688,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in M/I Homes by 2.4% during the 4th quarter. Rhumbline Advisers now owns 87,708 shares of the construction company’s stock worth $11,661,000 after buying an additional 2,085 shares during the last quarter. Principal Securities Inc. bought a new stake in M/I Homes during the 4th quarter valued at $27,000. State of New Jersey Common Pension Fund D increased its position in shares of M/I Homes by 11.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 13,478 shares of the construction company’s stock valued at $1,792,000 after purchasing an additional 1,425 shares during the period. Principal Financial Group Inc. grew its holdings in shares of M/I Homes by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 140,980 shares of the construction company’s stock worth $18,743,000 after acquiring an additional 4,162 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of M/I Homes in the 4th quarter worth $235,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MHO shares. Raymond James Financial decreased their target price on M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating on the stock in a report on Tuesday, April 29th. Wall Street Zen cut M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, April 25th. Finally, Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

M/I Homes Stock Performance

MHO stock opened at $106.15 on Friday. The business’s 50-day moving average price is $107.86 and its two-hundred day moving average price is $120.02. The company has a current ratio of 7.43, a quick ratio of 1.79 and a debt-to-equity ratio of 0.31. The firm has a market cap of $2.84 billion, a PE ratio of 5.61 and a beta of 1.65. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.16 by ($0.18). M/I Homes had a net margin of 12.11% and a return on equity of 18.62%. The company had revenue of $976.09 million during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm posted $4.78 EPS. M/I Homes’s revenue was down 7.4% compared to the same quarter last year. As a group, research analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current 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.