Covestor Ltd Sells 157 Shares of M/I Homes, Inc. (NYSE:MHO)

Covestor Ltd lowered its position in M/I Homes, Inc. (NYSE:MHO) by 36.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 279 shares of the construction company’s stock after selling 157 shares during the period. Covestor Ltd’s holdings in M/I Homes were worth $37,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MHO. Principal Securities Inc. bought a new position in shares of M/I Homes during the 4th quarter worth approximately $27,000. R Squared Ltd acquired a new stake in M/I Homes in the fourth quarter worth $33,000. Aster Capital Management DIFC Ltd bought a new stake in M/I Homes in the fourth quarter valued at $50,000. Steward Partners Investment Advisory LLC acquired a new position in shares of M/I Homes during the fourth quarter valued at about $70,000. Finally, Jones Financial Companies Lllp bought a new position in shares of M/I Homes during the 4th quarter worth about $80,000. 95.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MHO. StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 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 reissued a “strong-buy” rating and issued a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th.

M/I Homes Price Performance

MHO stock opened at $106.16 on Wednesday. The company has a market capitalization of $2.88 billion, a P/E ratio of 5.39 and a beta of 1.99. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The business has a 50-day simple moving average of $115.37 and a two-hundred day simple moving average of $137.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. Research analysts expect that M/I Homes, Inc. will post 18.44 EPS 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.