Avior Wealth Management LLC Increases Stake in M/I Homes, Inc. (NYSE:MHO)

Avior Wealth Management LLC boosted its holdings in M/I Homes, Inc. (NYSE:MHO) by 22.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,962 shares of the construction company’s stock after purchasing an additional 897 shares during the period. Avior Wealth Management LLC’s holdings in M/I Homes were worth $683,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Strs Ohio lifted its stake in shares of M/I Homes by 200.0% in the 3rd quarter. Strs Ohio now owns 300 shares of the construction company’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of M/I Homes during the fourth quarter valued at approximately $29,000. Clearstead Advisors LLC boosted its stake in shares of M/I Homes by 1,979.2% during the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after purchasing an additional 475 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of M/I Homes in the first quarter worth approximately $43,000. Finally, Quarry LP increased its stake in shares of M/I Homes by 120.9% in the first quarter. Quarry LP now owns 815 shares of the construction company’s stock worth $51,000 after buying an additional 446 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a report on Monday, February 19th.

M/I Homes Stock Down 1.4 %

Shares of NYSE:MHO opened at $111.36 on Thursday. M/I Homes, Inc. has a 1 year low of $63.39 and a 1 year high of $140.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.84 and a quick ratio of 1.68. The stock’s 50-day moving average is $124.02 and its 200 day moving average is $114.56. The company has a market cap of $3.09 billion, a PE ratio of 6.86 and a beta of 2.13.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $3.66 earnings per share for the quarter, missing analysts’ consensus estimates of $4.94 by ($1.28). M/I Homes had a return on equity of 19.75% and a net margin of 11.54%. The business had revenue of $972.59 million during the quarter, compared to analysts’ expectations of $1.19 billion. Sell-side analysts anticipate that M/I Homes, Inc. will post 16.35 EPS for the current year.

Insiders Place Their Bets

In other news, insider Ann Marie Hunker sold 2,461 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the transaction, the insider now directly owns 2,342 shares of the company’s stock, valued at $300,970.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.60% of the company’s stock.

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.