Allspring Global Investments Holdings LLC Sells 50,442 Shares of M/I Homes, Inc. (NYSE:MHO)

Allspring Global Investments Holdings LLC reduced its position in shares of M/I Homes, Inc. (NYSE:MHO) by 89.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,212 shares of the construction company’s stock after selling 50,442 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in M/I Homes were worth $856,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new position in shares of M/I Homes during the 4th quarter valued at approximately $29,000. Strs Ohio lifted its position in M/I Homes by 200.0% in the third quarter. Strs Ohio now owns 300 shares of the construction company’s stock worth $25,000 after buying an additional 200 shares during the last quarter. Clearstead Advisors LLC lifted its position in M/I Homes by 1,979.2% in the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock worth $42,000 after buying an additional 475 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in M/I Homes in the third quarter worth $188,000. Finally, Nisa Investment Advisors LLC lifted its position in M/I Homes by 26.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,388 shares of the construction company’s stock worth $329,000 after buying an additional 500 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MHO shares. Wedbush restated a “neutral” rating and issued a $130.00 price target (up from $116.00) on shares of M/I Homes in a research report on Wednesday. StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a research report on Monday, February 19th.

M/I Homes Stock Up 2.5 %

Shares of MHO opened at $122.42 on Thursday. The company has a quick ratio of 1.68, a current ratio of 6.84 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $123.29 and a 200 day moving average of $115.77. M/I Homes, Inc. has a 52-week low of $63.39 and a 52-week high of $140.73. The company has a market cap of $3.40 billion, a PE ratio of 7.54 and a beta of 2.13.

M/I Homes (NYSE:MHO) last released its earnings results 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. On average, sell-side analysts expect that M/I Homes, Inc. will post 16.35 EPS for the current year.

Insiders Place Their Bets

In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total value of $316,263.11. Following the sale, the insider now owns 2,342 shares in the company, valued at $300,970.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.10% of the company’s stock.

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.