State of Alaska Department of Revenue Has $1.72 Million Position in M/I Homes, Inc. (NYSE:MHO)

State of Alaska Department of Revenue lowered its position in shares of M/I Homes, Inc. (NYSE:MHOFree Report) by 3.1% in the first quarter, Holdings Channel reports. The firm owned 15,074 shares of the construction company’s stock after selling 476 shares during the period. State of Alaska Department of Revenue’s holdings in M/I Homes were worth $1,721,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of M/I Homes in the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd acquired a new position in shares of M/I Homes in the fourth quarter valued at approximately $50,000. Fifth Third Bancorp boosted its holdings in shares of M/I Homes by 38.3% in the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock valued at $43,000 after buying an additional 105 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of M/I Homes in the fourth quarter valued at approximately $70,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of M/I Homes in the fourth quarter valued at approximately $80,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Performance

Shares of MHO stock opened at $110.54 on Tuesday. The company’s fifty day simple moving average is $107.93 and its 200-day simple moving average is $119.11. The company has a quick ratio of 1.79, a current ratio of 7.43 and a debt-to-equity ratio of 0.31. The firm has a market cap of $2.96 billion, a PE ratio of 5.85 and a beta of 1.65. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18.

M/I Homes (NYSE:MHOGet Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing analysts’ consensus estimates of $4.16 by ($0.18). The business had revenue of $976.09 million during the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a return on equity of 18.62% and a net margin of 12.11%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.78 EPS. Equities research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Wall Street Zen cut shares of M/I Homes from a “buy” rating to a “hold” rating in a report on Friday, April 25th. Finally, Raymond James Financial reduced their price target on shares of M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating for the company in a report on Tuesday, April 29th.

Read Our Latest Stock Report on MHO

About M/I Homes

(Free Report)

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.

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Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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