Bridgeway Capital Management LLC Decreases Stake in M/I Homes, Inc. (NYSE:MHO)

Bridgeway Capital Management LLC cut its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 63.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,314 shares of the construction company's stock after selling 127,541 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.26% of M/I Homes worth $9,614,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Principal Securities Inc. bought a new position in shares of M/I Homes during the fourth quarter worth approximately $27,000. R Squared Ltd acquired a new stake in M/I Homes during the fourth quarter worth approximately $33,000. Aster Capital Management DIFC Ltd bought a new position in M/I Homes during the 4th quarter worth $50,000. Steward Partners Investment Advisory LLC acquired a new position in M/I Homes in the 4th quarter valued at $70,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of M/I Homes during the 4th quarter worth $80,000. Institutional investors and hedge funds own 95.14% of the company's stock.

M/I Homes Stock Down 1.3 %

MHO stock traded down $1.42 during trading on Friday, reaching $109.36. 175,858 shares of the stock were exchanged, compared to its average volume of 284,903. The firm's 50 day moving average is $111.64 and its 200 day moving average is $130.61. The firm has a market cap of $2.93 billion, a P/E ratio of 5.55 and a beta of 1.75. 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 twelve month low of $100.22 and a twelve month high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). The business had revenue of $976.09 million during the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the business posted $4.78 earnings per share. As a group, research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on MHO. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. StockNews.com downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Raymond James decreased their price target on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 29th.

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.