Assetmark Inc. Sells 599 Shares of M/I Homes, Inc. (NYSE:MHO)

Assetmark Inc. lessened its stake in M/I Homes, Inc. (NYSE:MHO) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,899 shares of the construction company’s stock after selling 599 shares during the period. Assetmark Inc. owned about 0.15% of M/I Homes worth $5,703,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Principal Securities Inc. bought a new position in M/I Homes during the fourth quarter worth about $27,000. R Squared Ltd bought a new position in M/I Homes during the fourth quarter worth about $33,000. Steward Partners Investment Advisory LLC bought a new position in M/I Homes during the fourth quarter worth about $70,000. Jones Financial Companies Lllp bought a new position in M/I Homes during the fourth quarter worth about $80,000. Finally, Daiwa Securities Group Inc. bought a new position in M/I Homes during the third quarter worth about $86,000. Institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Raymond James restated a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. Finally, Seaport Res Ptn upgraded shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday.

M/I Homes Stock Performance

NYSE MHO opened at $121.39 on Friday. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 6.16 and a beta of 2.31. The company has a 50 day moving average of $125.52 and a 200-day moving average of $147.43. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18.

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