M/I Homes, Inc. (NYSE:MHO) Shares Sold by Vision Capital Corp

Vision Capital Corp lessened its position in M/I Homes, Inc. (NYSE:MHO) by 47.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,999 shares of the construction company’s stock after selling 34,501 shares during the period. M/I Homes makes up 0.8% of Vision Capital Corp’s portfolio, making the stock its 12th biggest position. Vision Capital Corp’s holdings in M/I Homes were worth $5,052,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in M/I Homes by 248.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,151 shares of the construction company’s stock worth $286,000 after acquiring an additional 1,533 shares during the period. MetLife Investment Management LLC lifted its holdings in M/I Homes by 6.9% in the fourth quarter. MetLife Investment Management LLC now owns 16,148 shares of the construction company’s stock worth $2,147,000 after purchasing an additional 1,036 shares during the period. Farringdon Capital Ltd. bought a new position in M/I Homes in the 4th quarter valued at about $414,000. Marshall Wace LLP grew its position in M/I Homes by 17.9% in the 4th quarter. Marshall Wace LLP now owns 36,462 shares of the construction company’s stock valued at $4,848,000 after buying an additional 5,535 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in M/I Homes by 1,173.3% during the 4th quarter. NewEdge Advisors LLC now owns 3,196 shares of the construction company’s stock valued at $425,000 after buying an additional 2,945 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

M/I Homes Stock Up 1.7 %

NYSE MHO opened at $105.93 on Monday. The company has a market capitalization of $2.87 billion, a P/E ratio of 5.37 and a beta of 1.99. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18. 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 company’s 50 day simple moving average is $114.64 and its 200 day simple moving average is $136.24.

M/I Homes (NYSE:MHO) last posted its quarterly 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%. Equities research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

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.