New Age Alpha Advisors LLC Cuts Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

New Age Alpha Advisors LLC decreased its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 54.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 737 shares of the construction company’s stock after selling 887 shares during the period. New Age Alpha Advisors LLC’s holdings in M/I Homes were worth $84,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Northern Trust Corp boosted its position in shares of M/I Homes by 8.4% during the fourth quarter. Northern Trust Corp now owns 347,000 shares of the construction company’s stock valued at $46,134,000 after buying an additional 26,820 shares during the last quarter. Royce & Associates LP boosted its position in M/I Homes by 14.4% in the first quarter. Royce & Associates LP now owns 314,362 shares of the construction company’s stock worth $35,894,000 after purchasing an additional 39,491 shares during the last quarter. Millennium Management LLC boosted its position in M/I Homes by 85.5% in the fourth quarter. Millennium Management LLC now owns 238,826 shares of the construction company’s stock worth $31,752,000 after purchasing an additional 110,086 shares during the last quarter. Allianz Asset Management GmbH boosted its position in M/I Homes by 77.5% in the first quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company’s stock worth $26,155,000 after purchasing an additional 100,029 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in M/I Homes by 81.7% in the first quarter. Assenagon Asset Management S.A. now owns 196,921 shares of the construction company’s stock worth $22,484,000 after purchasing an additional 88,545 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen cut M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, April 25th. Raymond James Financial dropped their price target on M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, April 29th.

M/I Homes Stock Down 0.5%

Shares of NYSE MHO opened at $129.84 on Tuesday. The business’s fifty day moving average price is $115.95 and its 200-day moving average price is $114.55. The stock has a market capitalization of $3.48 billion, a PE ratio of 7.13 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.43 by ($0.01). The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%. M/I Homes’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that M/I Homes, Inc. will post 18.44 EPS 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.