New York State Teachers Retirement System Sells 9,335 Shares of M/I Homes, Inc. $MHO

New York State Teachers Retirement System reduced its holdings in M/I Homes, Inc. (NYSE:MHO) by 22.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,401 shares of the construction company’s stock after selling 9,335 shares during the period. New York State Teachers Retirement System’s holdings in M/I Homes were worth $3,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MHO. Hilton Head Capital Partners LLC bought a new stake in M/I Homes during the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of M/I Homes by 90.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after purchasing an additional 135 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of M/I Homes in the 4th quarter worth approximately $49,000. CIBC Private Wealth Group LLC increased its position in shares of M/I Homes by 53.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock valued at $69,000 after purchasing an additional 166 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in M/I Homes by 1,090.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock valued at $64,000 after buying an additional 458 shares during the period. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Trading Down 2.8%

NYSE MHO opened at $146.10 on Thursday. The company’s 50-day moving average price is $139.52 and its 200-day moving average price is $134.82. The company has a current ratio of 8.40, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The stock has a market cap of $3.74 billion, a PE ratio of 11.00 and a beta of 1.60. M/I Homes, Inc. has a 12 month low of $112.64 and a 12 month high of $163.66.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.09). The company had revenue of $920.71 million during the quarter, compared to analysts’ expectations of $1.18 billion. M/I Homes had a return on equity of 12.91% and a net margin of 8.24%.The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.98 EPS. Equities research analysts forecast that M/I Homes, Inc. will post 12.6 earnings per share for the current year.

Analysts Set New Price Targets

MHO has been the subject of a number of analyst reports. Freedom Capital upgraded M/I Homes to a “strong-buy” rating in a research report on Wednesday, June 24th. Weiss Ratings restated a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Zelman & Associates lowered M/I Homes from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Finally, Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, M/I Homes currently has a consensus rating of “Moderate Buy” and an average target price of $161.67.

M/I Homes Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.