Russell Investments Group Ltd. Cuts Position in M/I Homes, Inc. (NYSE:MHO)

Russell Investments Group Ltd. reduced its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,804 shares of the construction company's stock after selling 4,222 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.28% of M/I Homes worth $10,181,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MHO. Arkadios Wealth Advisors increased its stake in M/I Homes by 4.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock valued at $296,000 after purchasing an additional 90 shares in the last quarter. Bay Rivers Group grew its holdings in shares of M/I Homes by 2.7% during the fourth quarter. Bay Rivers Group now owns 4,911 shares of the construction company's stock valued at $653,000 after buying an additional 128 shares during the last quarter. Axxcess Wealth Management LLC increased its position in shares of M/I Homes by 5.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company's stock valued at $324,000 after acquiring an additional 131 shares during the period. Nvest Financial LLC raised its stake in M/I Homes by 7.8% in the 4th quarter. Nvest Financial LLC now owns 1,822 shares of the construction company's stock worth $242,000 after acquiring an additional 132 shares during the last quarter. Finally, Colonial River Investments LLC raised its stake in M/I Homes by 5.9% in the 4th quarter. Colonial River Investments LLC now owns 2,451 shares of the construction company's stock worth $326,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MHO. Raymond James reissued a "strong-buy" rating and issued a $168.00 price objective (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report 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 MHO stock traded down $1.83 on Wednesday, hitting $104.31. The company had a trading volume of 168,821 shares, compared to its average volume of 287,152. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve 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. The firm has a market cap of $2.83 billion, a P/E ratio of 5.29 and a beta of 1.99. The company has a 50-day moving average price of $115.37 and a 200-day moving average price of $137.81.

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 (EPS) 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, equities research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share 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.