M/I Homes, Inc. (NYSE:MHO) Stock Holdings Trimmed by Amalgamated Bank

Amalgamated Bank decreased its position in M/I Homes, Inc. (NYSE:MHO) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,953 shares of the construction company’s stock after selling 121 shares during the period. Amalgamated Bank’s holdings in M/I Homes were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC raised its stake in M/I Homes by 5.2% during the 3rd quarter. Private Advisor Group LLC now owns 3,113 shares of the construction company’s stock valued at $533,000 after acquiring an additional 155 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of M/I Homes during the third quarter valued at $769,000. Farther Finance Advisors LLC raised its stake in shares of M/I Homes by 240.6% during the third quarter. Farther Finance Advisors LLC now owns 1,056 shares of the construction company’s stock valued at $181,000 after purchasing an additional 746 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in M/I Homes by 100.7% in the third quarter. Harbor Capital Advisors Inc. now owns 30,350 shares of the construction company’s stock worth $5,201,000 after purchasing an additional 15,227 shares during the period. Finally, Old North State Wealth Management LLC grew its position in M/I Homes by 0.9% in the 3rd quarter. Old North State Wealth Management LLC now owns 47,361 shares of the construction company’s stock valued at $8,116,000 after buying an additional 445 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Performance

Shares of MHO opened at $114.54 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The firm’s 50 day moving average is $126.80 and its 200-day moving average is $148.20. M/I Homes, Inc. has a 12-month low of $109.92 and a 12-month high of $176.18. The stock has a market capitalization of $3.11 billion, a P/E ratio of 5.81 and a beta of 2.29.

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

Wall Street Analyst Weigh In

MHO has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Raymond James reissued a “strong-buy” rating and set a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Finally, Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and increased their price target for the company from $155.00 to $185.00 in a research note on Monday, November 4th.

About M/I Homes

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.