Counterpoint Mutual Funds LLC Sells 1,175 Shares of M/I Homes, Inc. (NYSE:MHO)

Counterpoint Mutual Funds LLC lowered its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,023 shares of the construction company’s stock after selling 1,175 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in M/I Homes were worth $668,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in shares of M/I Homes during the fourth quarter valued at approximately $27,000. R Squared Ltd bought a new stake in M/I Homes during the fourth quarter worth about $33,000. Daiwa Securities Group Inc. purchased a new position in M/I Homes during the third quarter valued at $86,000. Private Trust Co. NA purchased a new stake in M/I Homes during the 3rd quarter valued at about $88,000. Finally, Steward Partners Investment Advisory LLC bought a new position in M/I Homes in the 4th quarter valued at approximately $70,000. Institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $168.00 target price (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

M/I Homes Stock Performance

Shares of NYSE:MHO opened at $117.17 on Monday. The firm has a 50 day moving average of $124.08 and a 200 day moving average of $145.86. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 5.94 and a beta of 2.31.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. On average, sell-side analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

About M/I Homes

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.