Legal & General Group Plc Has $10.21 Million Stake in M/I Homes, Inc. (NYSE:MHO)

Legal & General Group Plc reduced its holdings in M/I Homes, Inc. (NYSE:MHO) by 4.1% during the 4th quarter, Holdings Channel reports. The fund owned 76,758 shares of the construction company’s stock after selling 3,315 shares during the quarter. Legal & General Group Plc’s holdings in M/I Homes were worth $10,205,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vontobel Holding Ltd. lifted its position in shares of M/I Homes by 107.2% during the fourth quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company’s stock worth $734,000 after purchasing an additional 2,858 shares in the last quarter. West Oak Capital LLC lifted its holdings in M/I Homes by 4,865.0% during the 4th quarter. West Oak Capital LLC now owns 4,965 shares of the construction company’s stock worth $660,000 after buying an additional 4,865 shares in the last quarter. World Investment Advisors LLC bought a new position in M/I Homes in the 3rd quarter valued at $4,698,000. Range Financial Group LLC acquired a new stake in shares of M/I Homes in the 4th quarter valued at $834,000. Finally, JPMorgan Chase & Co. raised its position in shares of M/I Homes by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 267,684 shares of the construction company’s stock worth $45,870,000 after acquiring an additional 14,321 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Trading Up 1.7 %

NYSE MHO opened at $105.93 on Friday. 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 $100.22 and a 12 month high of $176.18. The company has a market capitalization of $2.87 billion, a PE ratio of 5.37 and a beta of 1.99. The stock has a 50-day simple moving average of $114.91 and a 200 day simple moving average of $137.13.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. Research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on MHO. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Raymond James reiterated a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research report 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.