M/I Homes, Inc. (NYSE:MHO) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC cut its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,901 shares of the construction company's stock after selling 22,769 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.34% of M/I Homes worth $12,617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Securities Inc. purchased a new position in M/I Homes in the 4th quarter valued at approximately $27,000. R Squared Ltd purchased a new position in shares of M/I Homes in the fourth quarter valued at $33,000. Daiwa Securities Group Inc. acquired a new position in shares of M/I Homes during the 3rd quarter worth $86,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of M/I Homes in the 4th quarter worth about $70,000. Finally, Jones Financial Companies Lllp acquired a new stake in M/I Homes in the 4th quarter valued at about $80,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MHO has been the subject of a number of research reports. 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 note on Tuesday, February 25th. Finally, Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

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M/I Homes Trading Up 4.5 %

NYSE:MHO traded up $4.91 on Friday, reaching $114.01. The stock had a trading volume of 509,951 shares, compared to its average volume of 287,698. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 5.78 and a beta of 1.99. M/I Homes, Inc. has a 12-month low of $105.00 and a 12-month high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The firm's fifty day moving average is $118.94 and its two-hundred day moving average is $141.44.

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 (EPS) for the quarter, missing analysts' consensus estimates 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.

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.