New Age Alpha Advisors LLC Sells 887 Shares of M/I Homes, Inc. (NYSE:MHO)

New Age Alpha Advisors LLC cut its position in M/I Homes, Inc. (NYSE:MHO) by 54.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 737 shares of the construction company’s stock after selling 887 shares during the quarter. New Age Alpha Advisors LLC’s holdings in M/I Homes were worth $84,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC increased its stake in shares of M/I Homes by 85.5% in the fourth quarter. Millennium Management LLC now owns 238,826 shares of the construction company’s stock valued at $31,752,000 after buying an additional 110,086 shares during the period. GAMMA Investing LLC increased its stake in shares of M/I Homes by 17,898.5% in the first quarter. GAMMA Investing LLC now owns 104,931 shares of the construction company’s stock valued at $11,981,000 after buying an additional 104,348 shares during the period. Allianz Asset Management GmbH increased its stake in shares of M/I Homes by 77.5% in the first quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company’s stock valued at $26,155,000 after buying an additional 100,029 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of M/I Homes by 81.7% in the first quarter. Assenagon Asset Management S.A. now owns 196,921 shares of the construction company’s stock valued at $22,484,000 after buying an additional 88,545 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of M/I Homes by 431.3% in the first quarter. Cerity Partners LLC now owns 91,324 shares of the construction company’s stock valued at $10,427,000 after buying an additional 74,136 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Raymond James Financial decreased their target price 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. Wall Street Zen cut M/I Homes from a “buy” rating to a “hold” rating in a research note on Friday, April 25th.

M/I Homes Trading Down 0.5%

NYSE MHO opened at $129.84 on Tuesday. The business has a 50 day simple moving average of $115.95 and a 200 day simple moving average of $114.55. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18. The stock has a market capitalization of $3.48 billion, a P/E ratio of 7.13 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 EPS for the quarter, missing the consensus estimate of $4.43 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share 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.