M/I Homes, Inc. (NYSE:MHO) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its holdings in M/I Homes, Inc. (NYSE:MHO) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,953 shares of the construction company’s stock after selling 121 shares during the period. Amalgamated Bank’s holdings in M/I Homes were worth $1,057,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vontobel Holding Ltd. boosted its position in M/I Homes by 107.2% during the 4th 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 during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of M/I Homes during the third quarter worth about $1,388,000. West Oak Capital LLC boosted its position in shares of M/I Homes by 4,865.0% in the fourth 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 during the period. World Investment Advisors LLC acquired a new stake in shares of M/I Homes in the third quarter valued at about $4,698,000. Finally, Range Financial Group LLC purchased a new stake in shares of M/I Homes during the 4th quarter valued at about $834,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Trading Down 2.2 %

Shares of MHO opened at $114.54 on Tuesday. The company has a market capitalization of $3.11 billion, a P/E ratio of 5.81 and a beta of 2.29. M/I Homes, Inc. has a one year low of $109.92 and a one year high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The stock has a 50-day moving average price of $126.80 and a 200 day moving average price of $148.20.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (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%. Sell-side analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MHO. Raymond James restated a “strong-buy” rating and issued a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their price target for the company from $155.00 to $185.00 in a report on Monday, November 4th.

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.