Nisa Investment Advisors LLC Lowers Holdings in M/I Homes, Inc. $MHO

Nisa Investment Advisors LLC trimmed its position in M/I Homes, Inc. (NYSE:MHO) by 28.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,890 shares of the construction company’s stock after selling 740 shares during the period. Nisa Investment Advisors LLC’s holdings in M/I Homes were worth $212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covestor Ltd grew its position in M/I Homes by 134.8% in the 1st quarter. Covestor Ltd now owns 655 shares of the construction company’s stock valued at $75,000 after buying an additional 376 shares during the last quarter. GAMMA Investing LLC grew its position in M/I Homes by 57.6% in the 1st quarter. GAMMA Investing LLC now owns 919 shares of the construction company’s stock valued at $105,000 after buying an additional 336 shares during the last quarter. Strs Ohio purchased a new position in M/I Homes in the 1st quarter valued at $114,000. National Bank of Canada FI grew its position in M/I Homes by 36.1% in the 1st quarter. National Bank of Canada FI now owns 1,164 shares of the construction company’s stock valued at $133,000 after buying an additional 309 shares during the last quarter. Finally, CWM LLC grew its position in M/I Homes by 75.2% in the 1st quarter. CWM LLC now owns 1,284 shares of the construction company’s stock valued at $147,000 after buying an additional 551 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Trading Up 0.6%

NYSE:MHO opened at $125.91 on Tuesday. The company has a market capitalization of $3.29 billion, a PE ratio of 7.39 and a beta of 1.70. The company has a quick ratio of 1.52, a current ratio of 7.17 and a debt-to-equity ratio of 0.29. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $172.23. The stock has a fifty day simple moving average of $142.16 and a 200-day simple moving average of $125.29.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $4.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.37 by ($0.23). M/I Homes had a return on equity of 15.72% and a net margin of 10.56%.The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.16 billion. The firm’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MHO shares. Zelman & Associates upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 12th. Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings restated a “hold (c+)” rating on shares of M/I Homes in a research report on Wednesday, October 8th. Finally, Raymond James Financial boosted their target price on shares of M/I Homes from $150.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, M/I Homes presently has an average rating of “Buy” and a consensus price target of $155.00.

M/I Homes 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.