Summit Global Investments Has $998,000 Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Summit Global Investments decreased its stake in M/I Homes, Inc. (NYSE:MHO) by 18.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,505 shares of the construction company’s stock after selling 1,663 shares during the period. Summit Global Investments’ holdings in M/I Homes were worth $998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MHO. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of M/I Homes in the third quarter valued at about $1,365,000. Intech Investment Management LLC increased its stake in shares of M/I Homes by 100.5% in the third quarter. Intech Investment Management LLC now owns 9,245 shares of the construction company’s stock valued at $1,584,000 after buying an additional 4,635 shares during the period. Foundry Partners LLC acquired a new stake in shares of M/I Homes in the third quarter valued at about $393,000. Charles Schwab Investment Management Inc. increased its stake in shares of M/I Homes by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company’s stock valued at $79,182,000 after buying an additional 19,754 shares during the period. Finally, Citigroup Inc. boosted its position in shares of M/I Homes by 48.4% during the 3rd quarter. Citigroup Inc. now owns 55,705 shares of the construction company’s stock valued at $9,546,000 after purchasing an additional 18,173 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Down 1.6 %

Shares of NYSE:MHO opened at $115.89 on Friday. The business’s 50 day simple moving average is $123.00 and its two-hundred day simple moving average is $144.49. The firm has a market cap of $3.14 billion, a P/E ratio of 5.88 and a beta of 2.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. 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 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 return on equity of 20.20% and a net margin of 12.51%. As a group, research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MHO shares. 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 research report on Thursday, January 30th. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

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.