Prudential Financial Inc. Sells 14,824 Shares of M/I Homes, Inc. (NYSE:MHO)

Prudential Financial Inc. lowered its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,240 shares of the construction company's stock after selling 14,824 shares during the period. Prudential Financial Inc. owned 0.26% of M/I Homes worth $9,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. raised its position in M/I Homes by 48.4% in the 3rd quarter. Citigroup Inc. now owns 55,705 shares of the construction company's stock valued at $9,546,000 after purchasing an additional 18,173 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of M/I Homes by 507.3% in the third quarter. Cerity Partners LLC now owns 15,833 shares of the construction company's stock valued at $2,713,000 after buying an additional 13,226 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in M/I Homes during the 3rd quarter worth about $86,000. Private Trust Co. NA bought a new stake in M/I Homes during the 3rd quarter worth about $88,000. Finally, FMR LLC grew its holdings in M/I Homes by 41.4% during the 3rd quarter. FMR LLC now owns 96,809 shares of the construction company's stock worth $16,589,000 after acquiring an additional 28,355 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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M/I Homes Trading Up 0.2 %

NYSE:MHO traded up $0.18 during mid-day trading on Wednesday, hitting $114.52. The company had a trading volume of 31,993 shares, compared to its average volume of 300,527. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. M/I Homes, Inc. has a fifty-two week low of $109.92 and a fifty-two week high of $176.18. The firm has a market cap of $3.11 billion, a P/E ratio of 5.81 and a beta of 2.31. The business's fifty day moving average is $120.33 and its two-hundred day moving average is $142.40.

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 analysts' consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. As a group, research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current 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.