M/I Homes (NYSE:MHO) Shares Sold by OppenheimerFunds Inc.

OppenheimerFunds Inc. reduced its stake in M/I Homes (NYSE:MHO) by 28.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,010 shares of the construction company’s stock after selling 14,128 shares during the period. OppenheimerFunds Inc. owned approximately 0.13% of M/I Homes worth $1,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its holdings in M/I Homes by 15.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the construction company’s stock valued at $406,000 after purchasing an additional 1,600 shares in the last quarter. Comerica Bank increased its holdings in M/I Homes by 7.0% in the 4th quarter. Comerica Bank now owns 28,205 shares of the construction company’s stock valued at $989,000 after purchasing an additional 1,849 shares in the last quarter. Eqis Capital Management Inc. increased its holdings in M/I Homes by 19.6% in the 4th quarter. Eqis Capital Management Inc. now owns 11,361 shares of the construction company’s stock valued at $391,000 after purchasing an additional 1,864 shares in the last quarter. American International Group Inc. increased its holdings in M/I Homes by 11.2% in the 4th quarter. American International Group Inc. now owns 21,179 shares of the construction company’s stock valued at $729,000 after purchasing an additional 2,136 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in M/I Homes by 8.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 30,242 shares of the construction company’s stock valued at $808,000 after purchasing an additional 2,246 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

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NYSE:MHO opened at $33.35 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 6.32 and a quick ratio of 1.17. The stock has a market capitalization of $926.12, a price-to-earnings ratio of 11.58 and a beta of 1.14. M/I Homes has a 1-year low of $23.87 and a 1-year high of $37.41.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Thursday, February 1st. The construction company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). M/I Homes had a net margin of 3.56% and a return on equity of 12.66%. The firm had revenue of $621.00 million during the quarter, compared to analysts’ expectations of $589.11 million. During the same period in the previous year, the company earned $0.67 earnings per share. The business’s quarterly revenue was up 18.7% on a year-over-year basis. sell-side analysts expect that M/I Homes will post 4.11 earnings per share for the current fiscal year.

MHO has been the subject of a number of analyst reports. Wedbush upped their price objective on shares of M/I Homes from $35.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, December 29th. TheStreet cut shares of M/I Homes from a “b-” rating to a “c+” rating in a research report on Thursday, December 28th. ValuEngine raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research raised shares of M/I Homes from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company. M/I Homes has an average rating of “Hold” and an average target price of $40.00.

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M/I Homes Profile

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.

Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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