As M/I Homes INC (MHO) Stock Price Declined, Holder Covalent Partners LLC Has Lowered Its Position

April 23, 2018 - By Kurt Siggers

M/I Homes, Inc. (NYSE:MHO) LogoInvestors sentiment increased to 1.64 in 2017 Q4. Its up 0.49, from 1.15 in 2017Q3. It improved, as 12 investors sold MHO shares while 43 reduced holdings. 23 funds opened positions while 67 raised stakes. 27.09 million shares or 2.78% more from 26.36 million shares in 2017Q3 were reported. Louisiana State Employees Retirement System reported 11,800 shares. Utd Ser Automobile Association stated it has 0.01% of its portfolio in M/I Homes, Inc. (NYSE:MHO). Legal General Grp Public Ltd reported 49,680 shares or 0% of all its holdings. Delphi Ma invested in 1.4% or 71,460 shares. Parametric Port Ltd Llc accumulated 106,550 shares. Basswood Management Lc reported 0.25% in M/I Homes, Inc. (NYSE:MHO). Moreover, Tocqueville Asset Mngmt Limited Partnership has 0.06% invested in M/I Homes, Inc. (NYSE:MHO). California Pub Employees Retirement Systems stated it has 39,300 shares. Icon Advisers owns 30,700 shares for 0.07% of their portfolio. D E Shaw Inc holds 0.01% or 138,739 shares. Comerica Financial Bank owns 28,205 shares. Zacks Invest Mgmt holds 0.05% or 71,436 shares. Vanguard Grp Inc Inc Inc reported 0% in M/I Homes, Inc. (NYSE:MHO). Advsr Asset owns 2,984 shares. Shell Asset Management Com holds 21,999 shares.

Since October 30, 2017, it had 0 insider purchases, and 2 insider sales for $3.33 million activity. 25,400 shares valued at $814,853 were sold by CREEK PHILLIP G on Monday, October 30.

Robert Hockett decreased its stake in M/I Homes Inc (MHO) by 51.07% based on its latest 2017Q4 regulatory filing with the SEC. Covalent Partners Llc sold 175,836 shares as the company’s stock declined 8.27% with the market. The hedge fund run by Robert Hockett held 168,480 shares of the capital goods company at the end of 2017Q4, valued at $5.80 million, down from 344,316 at the end of the previous reported quarter. Covalent Partners Llc who had been investing in M/I Homes Inc for a number of months, seems to be less bullish one the $925.72M market cap company. The stock decreased 0.52% or $0.17 during the last trading session, reaching $32.41. About 55,449 shares traded. M/I Homes, Inc. (NYSE:MHO) has risen 29.43% since April 23, 2017 and is uptrending. It has outperformed by 17.88% the S&P500.

Analysts await M/I Homes, Inc. (NYSE:MHO) to report earnings on April, 25 before the open. They expect $0.71 EPS, up 29.09 % or $0.16 from last year’s $0.55 per share. MHO’s profit will be $20.28M for 11.41 P/E if the $0.71 EPS becomes a reality. After $0.90 actual EPS reported by M/I Homes, Inc. for the previous quarter, Wall Street now forecasts -21.11 % negative EPS growth.

M/I Homes, Inc. (NYSE:MHO) Ratings Coverage

Among 2 analysts covering M\/I Homes (NYSE:MHO), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. M\/I Homes had 2 analyst reports since October 26, 2017 according to SRatingsIntel. The stock has “Outperform” rating by Wedbush on Friday, December 29. JMP Securities maintained the stock with “Market Outperform” rating in Thursday, October 26 report.

M/I Homes, Inc. (NYSE:MHO) Institutional Positions Chart

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