M/I Homes, Inc. (NYSE:MHO) Position Lessened by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lowered its position in M/I Homes, Inc. (NYSE:MHO) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 32,317 shares of the construction company’s stock after selling 1,139 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in M/I Homes were worth $4,298,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in shares of M/I Homes in the 4th quarter valued at approximately $27,000. R Squared Ltd acquired a new stake in M/I Homes in the fourth quarter valued at approximately $33,000. Aster Capital Management DIFC Ltd acquired a new stake in M/I Homes in the fourth quarter valued at approximately $50,000. Steward Partners Investment Advisory LLC bought a new stake in M/I Homes in the fourth quarter worth approximately $70,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of M/I Homes during the 4th quarter worth $80,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Seaport Res Ptn raised shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Raymond James reaffirmed a “strong-buy” rating and issued 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 raised M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

M/I Homes Price Performance

NYSE MHO opened at $107.25 on Friday. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The company has a fifty day simple moving average of $113.70 and a 200 day simple moving average of $135.04. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.91 billion, a P/E ratio of 5.44 and a beta of 1.99.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.16 by ($0.18). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The business had revenue of $976.09 million during the quarter, compared to analyst estimates of $1.12 billion. On average, sell-side analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current 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.