M/I Homes (NYSE:MHO) Downgraded to “Hold” Rating by StockNews.com

M/I Homes (NYSE:MHO) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Several other equities research analysts have also recently commented on MHO. Raymond James reissued a “strong-buy” rating and issued a $168.00 target price (down from $210.00) on shares of M/I Homes in a research note on Thursday. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $155.00 to $185.00 in a research report on Monday, November 4th.

M/I Homes Stock Up 1.3 %

Shares of NYSE:MHO opened at $130.14 on Friday. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.61 billion, a P/E ratio of 6.97 and a beta of 2.29. M/I Homes has a 12 month low of $109.92 and a 12 month high of $176.18. The company’s 50-day moving average price is $143.92 and its two-hundred day moving average price is $153.38.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a net margin of 12.54% and a return on equity of 19.94%. As a group, research analysts forecast that M/I Homes will post 19.83 EPS for the current fiscal year.

Insider Buying and Selling at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total value of $3,200,000.00. Following the completion of the sale, the chief financial officer now owns 18,545 shares in the company, valued at $2,967,200. This represents a 51.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new position in shares of M/I Homes during the 3rd quarter valued at about $27,000. Principal Securities Inc. acquired a new stake in M/I Homes during the 4th quarter worth approximately $27,000. R Squared Ltd bought a new position in M/I Homes in the fourth quarter valued at approximately $33,000. Signaturefd LLC boosted its holdings in shares of M/I Homes by 49.4% in the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock valued at $61,000 after buying an additional 117 shares during the period. Finally, Quarry LP increased its position in shares of M/I Homes by 148.0% during the second quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after acquiring an additional 333 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Company 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.