NewEdge Wealth LLC Has $1.21 Million Stock Position in M/I Homes, Inc. $MHO

NewEdge Wealth LLC grew its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 56.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,887 shares of the construction company’s stock after purchasing an additional 3,571 shares during the quarter. NewEdge Wealth LLC’s holdings in M/I Homes were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MHO. First Trust Advisors LP boosted its holdings in M/I Homes by 19.6% in the first quarter. First Trust Advisors LP now owns 35,705 shares of the construction company’s stock worth $4,372,000 after purchasing an additional 5,845 shares in the last quarter. Summit Global Investments raised its holdings in M/I Homes by 14.1% during the first quarter. Summit Global Investments now owns 9,085 shares of the construction company’s stock valued at $1,112,000 after buying an additional 1,126 shares in the last quarter. SEB Asset Management AB acquired a new stake in shares of M/I Homes in the first quarter worth about $201,000. Assetmark Inc. lifted its position in shares of M/I Homes by 4.3% in the first quarter. Assetmark Inc. now owns 56,309 shares of the construction company’s stock worth $6,895,000 after buying an additional 2,343 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of M/I Homes by 11.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,323 shares of the construction company’s stock worth $655,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Down 0.0%

M/I Homes stock opened at $149.76 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95. M/I Homes, Inc. has a fifty-two week low of $116.78 and a fifty-two week high of $163.66. The firm has a fifty day moving average price of $144.06 and a two-hundred day moving average price of $136.52. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 11.28 and a beta of 1.60.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Seaport Research Partners reissued a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Freedom Capital upgraded M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th. Finally, Zelman & Associates downgraded M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

About M/I Homes

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.