Mackenzie Financial Corp Has $1.20 Million Stock Position in M/I Homes, Inc. (NYSE:MHO)

Mackenzie Financial Corp lowered its stake in M/I Homes, Inc. (NYSE:MHO) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,728 shares of the construction company’s stock after selling 1,665 shares during the period. Mackenzie Financial Corp’s holdings in M/I Homes were worth $1,202,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Strs Ohio raised its stake in M/I Homes by 200.0% during the third quarter. Strs Ohio now owns 300 shares of the construction company’s stock worth $25,000 after buying an additional 200 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in M/I Homes in the fourth quarter valued at $29,000. Clearstead Advisors LLC increased its stake in M/I Homes by 1,979.2% in the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after purchasing an additional 475 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in M/I Homes in the third quarter valued at $188,000. Finally, GW Henssler & Associates Ltd. bought a new stake in M/I Homes in the third quarter valued at $216,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, insider Ann Marie Hunker sold 2,461 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the transaction, the insider now directly owns 2,342 shares in the company, valued at $300,970.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MHO shares. StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Monday, February 19th. Wedbush reiterated a “neutral” rating and set a $130.00 price objective (up from $116.00) on shares of M/I Homes in a report on Wednesday.

M/I Homes Stock Up 2.5 %

Shares of NYSE MHO opened at $122.42 on Thursday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 7.54 and a beta of 2.13. The company has a 50-day moving average price of $123.29 and a 200-day moving average price of $115.77. M/I Homes, Inc. has a 1 year low of $63.39 and a 1 year high of $140.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.84 and a quick ratio of 1.68.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share for the quarter, missing the consensus estimate of $4.94 by ($1.28). M/I Homes had a return on equity of 19.75% and a net margin of 11.54%. The firm had revenue of $972.59 million for the quarter, compared to analysts’ expectations of $1.19 billion. On average, equities research analysts forecast that M/I Homes, Inc. will post 16.35 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.