M/I Homes, Inc. $MHO Shares Sold by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. decreased its position in shares of M/I Homes, Inc. (NYSE:MHO) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,920 shares of the construction company’s stock after selling 4,398 shares during the quarter. Basswood Capital Management L.L.C. owned about 0.57% of M/I Homes worth $19,054,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hilton Head Capital Partners LLC acquired a new position in shares of M/I Homes during the fourth quarter valued at $28,000. Jones Financial Companies Lllp raised its stake in shares of M/I Homes by 73.1% during the third quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock valued at $30,000 after purchasing an additional 87 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of M/I Homes by 90.6% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after purchasing an additional 135 shares in the last quarter. WealthCollab LLC raised its stake in shares of M/I Homes by 16.5% during the second quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock valued at $69,000 after purchasing an additional 87 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in shares of M/I Homes by 53.7% during the third quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock valued at $69,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Price Performance

Shares of NYSE MHO opened at $141.35 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 firm’s 50-day simple moving average is $129.89 and its 200 day simple moving average is $132.59. M/I Homes, Inc. has a fifty-two week low of $103.52 and a fifty-two week high of $158.92. The stock has a market cap of $3.62 billion, a P/E ratio of 10.64 and a beta of 1.62.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MHO shares. Seaport Research Partners restated a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th. Weiss Ratings restated a “hold (c)” rating on shares of M/I Homes in a research note on Friday, May 15th. Finally, Zacks Research cut shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $161.67.

About M/I Homes

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.