M/I Homes, Inc. (NYSE:MHO) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 850,417 shares of the construction company's stock after buying an additional 20,055 shares during the period. American Century Companies Inc. owned about 3.06% of M/I Homes worth $113,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MHO. Westfield Capital Management Co. LP boosted its stake in shares of M/I Homes by 3.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,107,024 shares of the construction company's stock worth $189,700,000 after acquiring an additional 39,492 shares in the last quarter. Geode Capital Management LLC boosted its position in M/I Homes by 3.1% during the third quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company's stock worth $124,050,000 after purchasing an additional 21,575 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in M/I Homes by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company's stock worth $79,182,000 after purchasing an additional 19,754 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in M/I Homes in the fourth quarter valued at $43,674,000. Finally, Basswood Capital Management L.L.C. increased its position in shares of M/I Homes by 1.8% in the third quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company's stock valued at $53,916,000 after buying an additional 5,571 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

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M/I Homes Price Performance

Shares of NYSE:MHO traded down $1.24 on Thursday, hitting $116.69. The company had a trading volume of 159,991 shares, compared to its average volume of 274,940. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.16 billion, a PE ratio of 5.92 and a beta of 2.31. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18. The business has a 50 day moving average of $122.19 and a 200 day moving average of $143.71.

M/I Homes (NYSE:MHO - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing the consensus estimate 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 analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MHO. Raymond James reiterated a "strong-buy" rating and issued a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, StockNews.com upgraded shares of M/I Homes from a "hold" rating to a "buy" rating in a research 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.