Hsbc Holdings PLC Purchases 3,474 Shares of M/I Homes, Inc. $MHO

Hsbc Holdings PLC lifted its holdings in M/I Homes, Inc. (NYSE:MHO) by 52.1% in the fourth quarter, HoldingsChannel reports. The firm owned 10,148 shares of the construction company’s stock after purchasing an additional 3,474 shares during the quarter. Hsbc Holdings PLC’s holdings in M/I Homes were worth $1,304,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hilton Head Capital Partners LLC purchased a new stake in M/I Homes during the fourth quarter valued at $28,000. EverSource Wealth Advisors LLC grew 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 worth $32,000 after buying an additional 135 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of M/I Homes in the 4th quarter worth $49,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of M/I Homes by 1,090.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock worth $64,000 after buying an additional 458 shares during the last quarter. Finally, WealthCollab LLC raised its position in shares of M/I Homes by 16.5% during the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock valued at $69,000 after buying an additional 87 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MHO. Freedom Capital upgraded M/I Homes to a “strong-buy” rating in a research report on Wednesday, June 24th. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $161.67.

M/I Homes Trading Down 2.7%

MHO opened at $156.41 on Thursday. 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 stock’s 50 day moving average price is $137.58 and its 200-day moving average price is $134.17. M/I Homes, Inc. has a one year low of $110.94 and a one year high of $163.66. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 11.78 and a beta of 1.60.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share (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 business had revenue of $920.71 million for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the business posted $3.98 earnings per share. M/I Homes’s revenue was down 5.8% on a year-over-year basis. On average, equities analysts forecast that M/I Homes, Inc. will post 12.6 EPS for the current year.

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.