Sanctuary Advisors LLC Sells 658 Shares of M/I Homes, Inc. (NYSE:MHO)

Sanctuary Advisors LLC lowered its position in shares of M/I Homes, Inc. (NYSE:MHO) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,373 shares of the construction company’s stock after selling 658 shares during the period. Sanctuary Advisors LLC’s holdings in M/I Homes were worth $1,478,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in shares of M/I Homes during the fourth quarter valued at about $27,000. R Squared Ltd purchased a new position in M/I Homes during the 4th quarter valued at about $33,000. Signaturefd LLC raised its position in M/I Homes by 49.4% during the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock valued at $61,000 after purchasing an additional 117 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in M/I Homes in the 3rd quarter worth approximately $86,000. Finally, Private Trust Co. NA bought a new stake in shares of M/I Homes in the 3rd quarter worth approximately $88,000. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James restated a “strong-buy” rating and set a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. StockNews.com lowered shares of M/I Homes from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $155.00 to $185.00 in a research report on Monday, November 4th.

M/I Homes Stock Down 0.5 %

Shares of NYSE:MHO opened at $116.24 on Tuesday. The firm has a market capitalization of $3.15 billion, a P/E ratio of 5.90 and a beta of 2.29. 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 stock has a 50 day moving average price of $129.73 and a 200-day moving average price of $149.32. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week 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 (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, equities research analysts anticipate that M/I Homes, Inc. will post 18.44 EPS 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.