M/I Homes, Inc. (NYSE:MHO) is Donald Smith & CO. Inc.'s 8th Largest Position

Donald Smith & CO. Inc. grew its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,164,189 shares of the construction company's stock after purchasing an additional 65,771 shares during the quarter. M/I Homes comprises approximately 3.7% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 8th biggest position. Donald Smith & CO. Inc. owned about 4.20% of M/I Homes worth $154,779,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MHO. Vontobel Holding Ltd. lifted its stake in shares of M/I Homes by 107.2% in the 4th quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company's stock valued at $734,000 after acquiring an additional 2,858 shares during the last quarter. West Oak Capital LLC boosted its stake in shares of M/I Homes by 4,865.0% during the fourth quarter. West Oak Capital LLC now owns 4,965 shares of the construction company's stock valued at $660,000 after purchasing an additional 4,865 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of M/I Homes during the third quarter worth about $4,698,000. Range Financial Group LLC acquired a new position in shares of M/I Homes in the fourth quarter valued at approximately $834,000. Finally, JPMorgan Chase & Co. raised its holdings in M/I Homes by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 267,684 shares of the construction company's stock valued at $45,870,000 after buying an additional 14,321 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Remove Ads

M/I Homes Stock Performance

M/I Homes stock traded down $1.29 during mid-day trading on Tuesday, reaching $107.93. 66,975 shares of the company's stock were exchanged, compared to its average volume of 305,611. The firm has a market capitalization of $2.93 billion, a PE ratio of 5.49 and a beta of 1.99. 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 business's fifty day simple moving average is $118.36 and its 200 day simple moving average is $140.81. M/I Homes, Inc. has a one year low of $105.00 and a one year high of $176.18.

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

Analyst Upgrades and Downgrades

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

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.