M/I Homes, Inc. $MHO Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of M/I Homes, Inc. (NYSE:MHO) by 4.9% during the first quarter, Holdings Channel reports. The firm owned 83,423 shares of the construction company’s stock after selling 4,285 shares during the quarter. Rhumbline Advisers’ holdings in M/I Homes were worth $9,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC boosted its holdings in M/I Homes by 109.4% during the 1st quarter. Millennium Management LLC now owns 500,207 shares of the construction company’s stock valued at $57,114,000 after acquiring an additional 261,381 shares during the period. Donald Smith & CO. Inc. boosted its stake in shares of M/I Homes by 10.2% in the first quarter. Donald Smith & CO. Inc. now owns 1,282,967 shares of the construction company’s stock valued at $146,489,000 after purchasing an additional 118,778 shares during the period. GAMMA Investing LLC grew its holdings in shares of M/I Homes by 17,898.5% in the first quarter. GAMMA Investing LLC now owns 104,931 shares of the construction company’s stock valued at $11,981,000 after purchasing an additional 104,348 shares in the last quarter. Nuveen LLC acquired a new stake in M/I Homes during the 1st quarter worth approximately $11,829,000. Finally, Allianz Asset Management GmbH grew its stake in shares of M/I Homes by 77.5% in the first quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company’s stock worth $26,155,000 after acquiring an additional 100,029 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Trading Down 0.8%

MHO opened at $151.70 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.78 and a current ratio of 7.21. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18. The company has a market cap of $4.06 billion, a P/E ratio of 8.33 and a beta of 1.66. The business’s 50-day simple moving average is $132.21 and its 200-day simple moving average is $118.39.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $4.42 EPS for the quarter, missing the consensus estimate of $4.43 by ($0.01). M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. The company’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Zelman & Associates upgraded M/I Homes from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 12th. Zacks Research upgraded shares of M/I Homes to a “strong sell” rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $162.50.

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.