Vanguard Group Inc. Reduces Position in M/I Homes, Inc. (NYSE:MHO)

Vanguard Group Inc. decreased its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,639,542 shares of the construction company's stock after selling 28,430 shares during the period. Vanguard Group Inc. owned approximately 9.51% of M/I Homes worth $350,927,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MHO. FMR LLC increased its holdings in M/I Homes by 41.4% in the 3rd quarter. FMR LLC now owns 96,809 shares of the construction company's stock worth $16,589,000 after buying an additional 28,355 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of M/I Homes by 4.5% in the third quarter. BNP Paribas Financial Markets now owns 20,430 shares of the construction company's stock worth $3,501,000 after acquiring an additional 887 shares during the period. Townsquare Capital LLC raised its holdings in shares of M/I Homes by 35.2% during the third quarter. Townsquare Capital LLC now owns 2,433 shares of the construction company's stock valued at $417,000 after purchasing an additional 634 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of M/I Homes by 129.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company's stock valued at $21,342,000 after purchasing an additional 70,278 shares during the last quarter. Finally, Verition Fund Management LLC lifted its position in M/I Homes by 206.0% during the third quarter. Verition Fund Management LLC now owns 6,733 shares of the construction company's stock valued at $1,154,000 after purchasing an additional 4,533 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

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M/I Homes Stock Performance

Shares of MHO stock traded down $5.26 during mid-day trading on Tuesday, reaching $103.96. 266,674 shares of the company's stock traded hands, compared to its average volume of 287,792. M/I Homes, Inc. has a 12 month low of $102.48 and a 12 month high of $176.18. The firm has a 50 day moving average price of $117.24 and a two-hundred day moving average price of $140.09. The firm has a market capitalization of $2.82 billion, a PE ratio of 5.27 and a beta of 1.99. 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 (NYSE:MHO - Get Free Report) last released its earnings results on Wednesday, January 29th. The construction company reported $4.71 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%. On average, research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analysts Set New Price Targets

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

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.