Invesco Ltd. Reduces Position in M/I Homes, Inc. (NYSE:MHO)

Invesco Ltd. lowered its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 46.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 290,906 shares of the construction company's stock after selling 250,986 shares during the period. Invesco Ltd. owned approximately 1.05% of M/I Homes worth $38,676,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. HighTower Advisors LLC increased its position in shares of M/I Homes by 19.1% during the third quarter. HighTower Advisors LLC now owns 2,597 shares of the construction company's stock worth $447,000 after purchasing an additional 416 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new position in M/I Homes during the 3rd quarter worth $201,000. Barclays PLC increased its position in M/I Homes by 45.7% during the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company's stock valued at $21,690,000 after buying an additional 39,711 shares in the last quarter. Geode Capital Management LLC raised its stake in M/I Homes by 3.1% in the third quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company's stock valued at $124,050,000 after buying an additional 21,575 shares during the last quarter. Finally, Invst LLC raised its stake in M/I Homes by 20.7% in the third quarter. Invst LLC now owns 3,395 shares of the construction company's stock valued at $582,000 after buying an additional 582 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MHO. Raymond James restated a "strong-buy" rating and set a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. 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. Finally, StockNews.com raised shares of M/I Homes from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.

M/I Homes Stock Performance

Shares of NYSE:MHO traded up $1.79 during trading on Friday, hitting $105.93. The stock had a trading volume of 284,233 shares, compared to its average volume of 287,667. The stock has a 50-day simple moving average of $114.64 and a two-hundred day simple moving average of $136.67. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 5.37 and a beta of 1.99. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 EPS 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%. On average, equities research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share 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.