Congress Wealth Management LLC DE Trims Stake in M/I Homes, Inc. (NYSE:MHO)

Congress Wealth Management LLC DE lessened its stake in M/I Homes, Inc. (NYSE:MHO) by 53.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,950 shares of the construction company’s stock after selling 18,175 shares during the period. Congress Wealth Management LLC DE owned about 0.06% of M/I Homes worth $2,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. grew its position in M/I Homes by 2.4% during the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company’s stock valued at $113,063,000 after buying an additional 20,055 shares during the period. Geode Capital Management LLC boosted its stake in shares of M/I Homes by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company’s stock worth $124,050,000 after acquiring an additional 21,575 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of M/I Homes by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company’s stock valued at $79,182,000 after acquiring an additional 19,754 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of M/I Homes in the 4th quarter valued at about $43,674,000. Finally, Basswood Capital Management L.L.C. raised its holdings in M/I Homes by 1.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company’s stock worth $53,916,000 after purchasing an additional 5,571 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

M/I Homes Stock Performance

NYSE MHO opened at $117.86 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The stock’s 50 day simple moving average is $122.19 and its 200-day simple moving average is $143.71. The company has a market cap of $3.20 billion, a PE ratio of 5.98 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 data on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. As a group, equities research analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

About M/I Homes

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.