M/I Homes, Inc. (NYSE:MHO) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in M/I Homes, Inc. (NYSE:MHO) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,388 shares of the construction company’s stock after acquiring an additional 500 shares during the period. Nisa Investment Advisors LLC’s holdings in M/I Homes were worth $329,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MHO. Stratos Wealth Partners LTD. grew its holdings in M/I Homes by 143.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 26,284 shares of the construction company’s stock worth $3,620,000 after acquiring an additional 15,481 shares during the period. Advisors Preferred LLC bought a new position in shares of M/I Homes during the 4th quarter valued at about $1,986,000. AlphaMark Advisors LLC grew its stake in shares of M/I Homes by 13.7% in the 4th quarter. AlphaMark Advisors LLC now owns 3,043 shares of the construction company’s stock worth $419,000 after purchasing an additional 367 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of M/I Homes in the 4th quarter worth approximately $29,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of M/I Homes in the 4th quarter worth approximately $9,262,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Monday, February 19th.

Insider Buying and Selling

In other news, insider Ann Marie Hunker sold 2,461 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the sale, the insider now owns 2,342 shares in the company, valued at $300,970.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.60% of the company’s stock.

M/I Homes Trading Down 0.7 %

Shares of NYSE MHO opened at $110.66 on Friday. The company has a quick ratio of 1.68, a current ratio of 6.84 and a debt-to-equity ratio of 0.34. M/I Homes, Inc. has a 12 month low of $63.39 and a 12 month high of $140.73. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 6.81 and a beta of 2.13. The business has a fifty day simple moving average of $123.78 and a 200-day simple moving average of $114.53.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, January 31st. The construction company reported $3.66 EPS for the quarter, missing analysts’ consensus estimates of $4.94 by ($1.28). The firm had revenue of $972.59 million for the quarter, compared to analysts’ expectations of $1.19 billion. M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. Sell-side analysts predict that M/I Homes, Inc. will post 16.35 EPS for the current year.

M/I Homes Company Profile

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.