New Generation Advisors Lowers stake in M/I Homes Inc (MHO)

M/I Homes Inc (MHO) : New Generation Advisors reduced its stake in M/I Homes Inc by 2.36% during the most recent quarter end. The investment management company now holds a total of 442,985 shares of M/I Homes Inc which is valued at $9,945,013 after selling 10,729 shares in M/I Homes Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.M/I Homes Inc makes up approximately 7.48% of New Generation Advisors’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md reduced its stake in MHO by selling 26 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 18,744 shares of MHO which is valued at $420,803.Riverhead Capital Management reduced its stake in MHO by selling 1,089 shares or 56.57% in the most recent quarter. The Hedge Fund company now holds 836 shares of MHO which is valued at $18,768.Epoch Investment Partners reduced its stake in MHO by selling 12,052 shares or 1.21% in the most recent quarter. The Hedge Fund company now holds 987,998 shares of MHO which is valued at $22,180,555. M/I Homes Inc makes up approx 0.08% of Epoch Investment Partners’s portfolio. Icon Advisers Incco added MHO to its portfolio by purchasing 11,200 company shares during the most recent quarter which is valued at $254,912. M/I Homes Inc makes up approx 0.02% of Icon Advisers Incco’s portfolio.

M/I Homes Inc closed down -0.04 points or -0.17% at $23.1 with 1,56,053 shares getting traded on Thursday. Post opening the session at $23.14, the shares hit an intraday low of $22.72 and an intraday high of $23.27 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, M/I Homes Inc reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.50. The company had revenue of $401.20 million for the quarter, compared to analysts expectations of $400.11 million. The company’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

M/I Homes Inc. is a builder of single-family homes. The Company operating segment includes homebuilding and financial services. The homebuilding operations segment include design market construct and sell single-family homes attached town homes and condominiums to first-time move-up empty-nester and luxury buyers. Its homebuilding operations have three divisions which includes the Midwest Mid-Atlantic and Southern regions. The financial services operations segment includes originating and selling mortgages and collecting fees for title insurance and closing services. Its financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations. It offers mortgage banking services to its homebuyers through its 100%-owned subsidiary M/I Financial. The Company has delivered approximately 90000 homes. It markets and sells its homes under the M/I Homes and Showcase Collection brands.

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