Canada Pension Plan Investment Board Sells 17,500 Shares of M/I Homes, Inc. (NYSE:MHO)

Canada Pension Plan Investment Board trimmed its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 68.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,100 shares of the construction company's stock after selling 17,500 shares during the period. Canada Pension Plan Investment Board's holdings in M/I Homes were worth $1,077,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MHO. Principal Securities Inc. purchased a new position in shares of M/I Homes during the fourth quarter valued at approximately $27,000. R Squared Ltd bought a new position in shares of M/I Homes in the fourth quarter worth $33,000. Aster Capital Management DIFC Ltd bought a new position in M/I Homes in the 4th quarter worth about $50,000. Steward Partners Investment Advisory LLC bought a new stake in M/I Homes during the 4th quarter worth approximately $70,000. Finally, Jones Financial Companies Lllp bought a new position in shares of M/I Homes in the fourth quarter worth $80,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MHO has been the subject of several research analyst reports. StockNews.com lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Raymond James lowered their price objective on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research note on Tuesday.

M/I Homes Stock Up 1.5 %

Shares of MHO stock traded up $1.62 during midday trading on Wednesday, reaching $106.85. 280,798 shares of the stock were exchanged, compared to its average volume of 285,583. The company's 50 day moving average is $112.75 and its two-hundred day moving average is $133.47. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.90 billion, a PE ratio of 5.42 and a beta of 1.99. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18.

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

About M/I Homes

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.