Corebridge Financial Inc. Sells 1,118 Shares of M/I Homes, Inc. (NYSE:MHO)

Corebridge Financial Inc. trimmed its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,203 shares of the construction company’s stock after selling 1,118 shares during the quarter. Corebridge Financial Inc. owned about 0.05% of M/I Homes worth $1,888,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MHO. Principal Securities Inc. bought a new stake in shares of M/I Homes during the 4th quarter worth $27,000. R Squared Ltd bought a new stake in M/I Homes during the fourth quarter valued at about $33,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of M/I Homes in the fourth quarter valued at about $70,000. Jones Financial Companies Lllp bought a new position in shares of M/I Homes in the fourth quarter worth about $80,000. Finally, Smartleaf Asset Management LLC boosted its stake in M/I Homes by 283.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company’s stock valued at $88,000 after purchasing an additional 493 shares during the period. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Stock Performance

MHO opened at $115.62 on Thursday. The stock’s 50 day simple moving average is $119.91 and its 200-day simple moving average is $142.21. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.13 billion, a PE ratio of 5.87 and a beta of 2.31. 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 announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (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%. Sell-side analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analysts Forecast Growth

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

M/I Homes Company 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.