M/I Homes, Inc. $MHO Stake Reduced by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. cut its holdings in M/I Homes, Inc. (NYSE:MHO) by 2.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 148,920 shares of the construction company’s stock after selling 4,398 shares during the quarter. Basswood Capital Management L.L.C.’s holdings in M/I Homes were worth $19,054,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MHO. Hilton Head Capital Partners LLC bought a new stake in M/I Homes in the fourth quarter worth about $28,000. Jones Financial Companies Lllp raised its position in M/I Homes by 73.1% in the third quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock worth $30,000 after acquiring an additional 87 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in M/I Homes by 90.6% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after acquiring an additional 135 shares in the last quarter. WealthCollab LLC increased its stake in M/I Homes by 16.5% in the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock worth $69,000 after purchasing an additional 87 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in M/I Homes by 53.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock worth $69,000 after purchasing an additional 166 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Trading Down 0.4%

Shares of MHO opened at $141.35 on Friday. The business’s 50-day moving average price is $129.89 and its 200 day moving average price is $132.59. The stock has a market capitalization of $3.62 billion, a P/E ratio of 10.64 and a beta of 1.62. M/I Homes, Inc. has a 1-year low of $103.52 and a 1-year high of $158.92. The company has a current ratio of 8.40, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30.

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

Analyst Ratings Changes

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

M/I Homes 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.