World Investment Advisors Lowers Position in M/I Homes, Inc. (NYSE:MHO)

World Investment Advisors lessened its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 94.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,527 shares of the construction company's stock after selling 25,891 shares during the quarter. World Investment Advisors' holdings in M/I Homes were worth $203,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hennessy Advisors Inc. purchased a new stake in M/I Homes in the fourth quarter valued at $43,674,000. Royce & Associates LP raised its holdings in M/I Homes by 42.5% in the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock valued at $36,544,000 after buying an additional 81,964 shares during the period. Raymond James Financial Inc. acquired a new position in M/I Homes in the fourth quarter valued at about $10,672,000. Barclays PLC lifted its position in M/I Homes by 45.7% in the third quarter. Barclays PLC now owns 126,577 shares of the construction company's stock valued at $21,690,000 after buying an additional 39,711 shares during the last quarter. Finally, FMR LLC boosted its stake in M/I Homes by 41.4% during the third 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 during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Down 0.8 %

Shares of MHO stock traded down $0.90 during trading hours on Tuesday, reaching $106.28. 32,883 shares of the stock were exchanged, compared to its average volume of 286,370. The business's fifty day moving average is $115.65 and its two-hundred day moving average is $138.03. The firm has a market capitalization of $2.88 billion, a P/E ratio of 5.39 and a beta of 1.99. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

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M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing the consensus estimate 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 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Raymond James reissued a "strong-buy" rating and set a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research note 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 M/I Homes from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

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.