UBS Group AG Lowers Stake in M/I Homes, Inc. $MHO

UBS Group AG reduced its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 33.1% in the fourth quarter, Holdings Channel reports. The firm owned 76,112 shares of the construction company’s stock after selling 37,719 shares during the period. UBS Group AG’s holdings in M/I Homes were worth $9,739,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in shares of M/I Homes by 10.9% during the third quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock valued at $135,282,000 after purchasing an additional 91,732 shares during the period. Invesco Ltd. boosted its stake in shares of M/I Homes by 116.4% during the third quarter. Invesco Ltd. now owns 300,912 shares of the construction company’s stock valued at $43,464,000 after purchasing an additional 161,881 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of M/I Homes by 26.1% in the third quarter. JPMorgan Chase & Co. now owns 266,582 shares of the construction company’s stock valued at $38,505,000 after acquiring an additional 55,206 shares in the last quarter. Junto Capital Management LP bought a new stake in shares of M/I Homes in the third quarter valued at about $35,871,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of M/I Homes by 5.0% in the second quarter. Qube Research & Technologies Ltd now owns 228,931 shares of the construction company’s stock valued at $25,668,000 after acquiring an additional 10,898 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MHO has been the subject of several recent research reports. Citigroup restated a “market outperform” rating on shares of M/I Homes in a report on Friday, January 30th. Weiss Ratings restated a “hold (c+)” rating on shares of M/I Homes in a report on Thursday, January 22nd. Oppenheimer set a $165.00 price objective on M/I Homes in a report on Friday, January 30th. Seaport Research Partners restated a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Finally, Zacks Research downgraded M/I Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, M/I Homes currently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

M/I Homes Stock Performance

Shares of M/I Homes stock opened at $121.54 on Friday. The company has a market capitalization of $3.11 billion, a PE ratio of 9.15 and a beta of 1.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 8.40. The company has a 50-day simple moving average of $126.84 and a two-hundred day simple moving average of $131.66. M/I Homes, Inc. has a one year low of $103.52 and a one year high of $158.92.

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

About M/I Homes

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.