UBS Group AG Sells 37,719 Shares of M/I Homes, Inc. $MHO

UBS Group AG decreased its position in shares of M/I Homes, Inc. (NYSE:MHO) by 33.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,112 shares of the construction company’s stock after selling 37,719 shares during the period. UBS Group AG owned 0.29% of M/I Homes worth $9,739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of M/I Homes by 26.1% during the third quarter. JPMorgan Chase & Co. now owns 266,582 shares of the construction company’s stock valued at $38,505,000 after buying an additional 55,206 shares during the last quarter. Capelight Capital Asset Management LP bought a new stake in shares of M/I Homes during the fourth quarter valued at approximately $7,037,000. Segall Bryant & Hamill LLC bought a new stake in shares of M/I Homes during the third quarter valued at approximately $3,401,000. Rafferty Asset Management LLC raised its position in shares of M/I Homes by 83.2% during the third quarter. Rafferty Asset Management LLC now owns 39,831 shares of the construction company’s stock valued at $5,753,000 after buying an additional 18,095 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of M/I Homes by 10.9% during the third quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock valued at $135,282,000 after buying an additional 91,732 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MHO shares. Oppenheimer set a $165.00 price objective on shares of M/I Homes in a research report on Friday, January 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of M/I Homes in a research report on Thursday, January 22nd. Seaport Research Partners reissued a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Zacks Research lowered shares of M/I Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, Citigroup reissued a “market outperform” rating on shares of M/I Homes in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $161.67.

M/I Homes Stock Down 3.9%

NYSE MHO opened at $121.54 on Friday. The company has a quick ratio of 1.95, a current ratio of 8.40 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average of $126.84 and a two-hundred day moving average of $131.66. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 9.15 and a beta of 1.65. M/I Homes, Inc. has a 52 week low of $103.52 and a 52 week high of $158.92.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). The company had revenue of $920.71 million for the quarter, compared to analysts’ expectations of $1.18 billion. M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.98 earnings per share. On average, analysts predict that M/I Homes, Inc. will post 12.6 earnings per share for the current year.

M/I Homes Company Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.