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

American Century Companies Inc. grew its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 850,417 shares of the construction company's stock after purchasing an additional 20,055 shares during the period. American Century Companies Inc. owned approximately 3.06% of M/I Homes worth $113,063,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Principal Securities Inc. purchased a new stake in M/I Homes in the fourth quarter valued at about $27,000. R Squared Ltd purchased a new position in shares of M/I Homes in the 4th quarter valued at approximately $33,000. Daiwa Securities Group Inc. acquired a new stake in M/I Homes in the 3rd quarter worth approximately $86,000. Private Trust Co. NA purchased a new stake in M/I Homes during the 3rd quarter worth approximately $88,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in M/I Homes during the 4th quarter valued at approximately $70,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analyst Weigh In

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

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M/I Homes Stock Performance

Shares of NYSE:MHO traded down $2.20 during midday trading on Tuesday, reaching $118.22. The company's stock had a trading volume of 100,304 shares, compared to its average volume of 313,996. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average of $122.88 and a 200 day moving average of $144.17. M/I Homes, Inc. has a twelve month low of $109.92 and a twelve month high of $176.18. The firm has a market capitalization of $3.21 billion, a PE ratio of 6.00 and a beta of 2.31.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly 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 return on equity of 20.20% and a net margin of 12.51%. On average, equities analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

M/I Homes Company 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.