Ameriprise Financial Inc. Has $12.43 Million Holdings in M/I Homes, Inc. (NYSE:MHO)

Ameriprise Financial Inc. lowered its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 93,478 shares of the construction company’s stock after selling 1,719 shares during the period. Ameriprise Financial Inc.’s holdings in M/I Homes were worth $12,428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in M/I Homes in the 4th quarter worth about $27,000. R Squared Ltd bought a new position in shares of M/I Homes in the fourth quarter valued at approximately $33,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of M/I Homes during the fourth quarter valued at approximately $50,000. Steward Partners Investment Advisory LLC bought a new stake in M/I Homes during the fourth quarter worth $70,000. Finally, Jones Financial Companies Lllp purchased a new position in M/I Homes in the fourth quarter worth $80,000. 95.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MHO shares. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. StockNews.com lowered shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, April 25th. Finally, Raymond James decreased their price objective 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.

M/I Homes Price Performance

Shares of NYSE MHO opened at $112.25 on Monday. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $110.82 and a two-hundred day simple moving average of $128.71. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 5.70 and a beta of 1.75.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing analysts’ consensus estimates of $4.16 by ($0.18). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The firm had revenue of $976.09 million for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the company earned $4.78 EPS. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. Analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

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.