Foundry Partners LLC Sells 780 Shares of M/I Homes, Inc. (NYSE:MHO)

Foundry Partners LLC lessened its holdings in M/I Homes, Inc. (NYSE:MHO) by 34.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,511 shares of the construction company’s stock after selling 780 shares during the period. Foundry Partners LLC’s holdings in M/I Homes were worth $201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its stake in M/I Homes by 41.4% in the 3rd quarter. FMR LLC now owns 96,809 shares of the construction company’s stock worth $16,589,000 after buying an additional 28,355 shares during the period. Verition Fund Management LLC increased its position in shares of M/I Homes by 206.0% during the third quarter. Verition Fund Management LLC now owns 6,733 shares of the construction company’s stock worth $1,154,000 after acquiring an additional 4,533 shares during the period. Centiva Capital LP bought a new stake in shares of M/I Homes during the third quarter valued at approximately $759,000. HighTower Advisors LLC boosted its holdings in shares of M/I Homes by 19.1% in the third quarter. HighTower Advisors LLC now owns 2,597 shares of the construction company’s stock valued at $447,000 after purchasing an additional 416 shares during the period. Finally, Quadrature Capital Ltd bought a new position in M/I Homes in the third quarter worth approximately $351,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Trading Up 4.5 %

Shares of NYSE:MHO opened at $114.01 on Friday. The company has a market capitalization of $3.09 billion, a PE ratio of 5.78 and a beta of 1.99. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 12-month low of $105.00 and a 12-month high of $176.18. The business’s fifty day simple moving average is $118.94 and its 200-day simple moving average is $141.44.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (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%. As a group, equities research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MHO has been the subject of a number of research analyst reports. Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Raymond James reaffirmed a “strong-buy” rating and issued a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. Finally, StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

M/I Homes 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.