M/I Homes, Inc. (NYSE:MHO) Shares Sold by Vision Capital Corp

Vision Capital Corp lessened its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 47.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,999 shares of the construction company's stock after selling 34,501 shares during the period. M/I Homes accounts for approximately 0.8% of Vision Capital Corp's holdings, making the stock its 12th biggest position. Vision Capital Corp owned 0.14% of M/I Homes worth $5,052,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Donald Smith & CO. Inc. raised its position in M/I Homes by 6.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock worth $154,779,000 after purchasing an additional 65,771 shares during the period. American Century Companies Inc. raised its holdings in shares of M/I Homes by 2.4% in the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock worth $113,063,000 after buying an additional 20,055 shares during the period. Franklin Resources Inc. lifted its stake in shares of M/I Homes by 2.3% during the 4th quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company's stock worth $91,402,000 after acquiring an additional 15,685 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of M/I Homes during the 4th quarter worth approximately $43,674,000. Finally, Royce & Associates LP boosted its holdings in M/I Homes by 42.5% during the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock valued at $36,544,000 after acquiring an additional 81,964 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. StockNews.com lowered M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

M/I Homes Stock Performance

Shares of MHO stock traded down $1.58 during mid-day trading on Friday, reaching $105.64. The stock had a trading volume of 139,285 shares, compared to its average volume of 286,163. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 5.36 and a beta of 1.99. The business's fifty day moving average is $113.46 and its 200-day moving average is $134.64.

M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). The business had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. On average, research analysts forecast 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.