M/I Homes, Inc. (NYSE:MHO) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC cut its position in M/I Homes, Inc. (NYSE:MHO) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,888 shares of the construction company’s stock after selling 244 shares during the period. Belpointe Asset Management LLC’s holdings in M/I Homes were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MHO. Donald Smith & CO. Inc. boosted its stake in M/I Homes by 6.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company’s stock worth $154,779,000 after purchasing an additional 65,771 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of M/I Homes by 2.4% in the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company’s stock worth $113,063,000 after buying an additional 20,055 shares in the last quarter. Geode Capital Management LLC boosted its position in M/I Homes by 3.1% during the third quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company’s stock worth $124,050,000 after acquiring an additional 21,575 shares during the last quarter. Franklin Resources Inc. grew its stake in M/I Homes by 2.3% during the 4th quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company’s stock valued at $91,402,000 after acquiring an additional 15,685 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in M/I Homes in the 4th quarter valued at about $43,674,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MHO has been the topic of several recent research reports. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Raymond James reissued a “strong-buy” rating and set a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. Finally, StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

M/I Homes Trading Up 0.7 %

Shares of M/I Homes stock opened at $107.23 on Tuesday. The stock has a 50 day moving average of $115.65 and a 200 day moving average of $138.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 5.44 and a beta of 1.99. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. As a group, research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

M/I Homes 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.