M/I Homes, Inc. (NYSE:MHO) Shares Sold by Steamboat Capital Partners LLC

Steamboat Capital Partners LLC trimmed its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,610 shares of the construction company’s stock after selling 1,166 shares during the quarter. M/I Homes comprises 2.4% of Steamboat Capital Partners LLC’s portfolio, making the stock its 16th largest position. Steamboat Capital Partners LLC owned approximately 0.21% of M/I Homes worth $7,659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MHO. Barclays PLC raised its position in shares of M/I Homes by 45.7% during the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company’s stock worth $21,690,000 after purchasing an additional 39,711 shares during the period. Burney Co. acquired a new stake in shares of M/I Homes during the 4th quarter worth approximately $476,000. Arkadios Wealth Advisors raised its position in shares of M/I Homes by 4.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock worth $296,000 after purchasing an additional 90 shares during the period. Ellsworth Advisors LLC raised its position in shares of M/I Homes by 11.8% during the 4th quarter. Ellsworth Advisors LLC now owns 3,936 shares of the construction company’s stock worth $523,000 after purchasing an additional 415 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of M/I Homes by 35.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,636 shares of the construction company’s stock worth $483,000 after purchasing an additional 942 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Performance

Shares of MHO stock opened at $112.25 on Friday. The business has a 50 day simple moving average of $110.82 and a 200 day simple moving average of $128.86. 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 has a market capitalization of $3.01 billion, a price-to-earnings ratio of 5.70 and a beta of 1.75. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18.

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

Analyst Ratings Changes

MHO has been the subject of a number of recent analyst reports. Raymond James decreased their price objective on 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. StockNews.com lowered M/I Homes from a “buy” rating to a “hold” rating in a report on Friday, April 25th. Finally, Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th.

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.