Arrowstreet Capital Limited Partnership Sells 394,418 Shares of M/I Homes, Inc. (NYSE:MHO)

Arrowstreet Capital Limited Partnership decreased its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 78.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,183 shares of the construction company's stock after selling 394,418 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.40% of M/I Homes worth $14,649,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MHO. Principal Securities Inc. acquired a new position in M/I Homes in the 4th quarter valued at $27,000. R Squared Ltd bought a new stake in shares of M/I Homes in the fourth quarter valued at about $33,000. Steward Partners Investment Advisory LLC acquired a new position in shares of M/I Homes in the fourth quarter valued at about $70,000. Jones Financial Companies Lllp bought a new position in M/I Homes during the fourth quarter worth about $80,000. Finally, Smartleaf Asset Management LLC increased its position in M/I Homes by 283.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company's stock worth $88,000 after acquiring an additional 493 shares during the period. Institutional investors own 95.14% of the company's stock.

M/I Homes Price Performance

M/I Homes stock traded up $5.95 during trading hours on Wednesday, reaching $110.22. 351,596 shares of the stock were exchanged, compared to its average volume of 288,250. The stock has a 50 day moving average of $116.52 and a two-hundred day moving average of $139.47. The company has a market cap of $2.99 billion, a P/E ratio of 5.59 and a beta of 1.99. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18.

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M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) 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%. Equities analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on MHO shares. Raymond James restated a "strong-buy" rating and set a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. StockNews.com raised M/I Homes from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

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.