American Century Companies Inc. Sells 87,390 Shares of M/I Homes, Inc. $MHO

Key Points

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American Century Companies Inc. lowered its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 10.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 763,027 shares of the construction company's stock after selling 87,390 shares during the period. American Century Companies Inc. owned about 2.85% of M/I Homes worth $87,122,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Xponance Inc. increased its holdings in M/I Homes by 5.0% in the 1st quarter. Xponance Inc. now owns 2,019 shares of the construction company's stock worth $231,000 after purchasing an additional 97 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in M/I Homes by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company's stock worth $371,000 after purchasing an additional 98 shares in the last quarter. Fifth Third Bancorp increased its holdings in M/I Homes by 38.3% in the 1st quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock worth $43,000 after purchasing an additional 105 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in M/I Homes by 1.8% in the 1st quarter. SummerHaven Investment Management LLC now owns 6,443 shares of the construction company's stock worth $736,000 after purchasing an additional 114 shares in the last quarter. Finally, Journey Strategic Wealth LLC increased its holdings in M/I Homes by 4.8% in the 1st quarter. Journey Strategic Wealth LLC now owns 2,705 shares of the construction company's stock worth $309,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

M/I Homes Trading Up 5.9%

Shares of M/I Homes stock traded up $8.1930 on Friday, hitting $146.9630. 372,000 shares of the company's stock traded hands, compared to its average volume of 304,852. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78. The company has a fifty day moving average of $121.90 and a two-hundred day moving average of $115.57. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 8.07 and a beta of 1.60.

M/I Homes (NYSE:MHO - Get Free Report) last announced its 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 net margin of 11.40% and a return on equity of 17.23%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. The business's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zelman & Associates upgraded M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Wall Street Zen lowered M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Raymond James Financial reduced their price target on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Zacks Research upgraded M/I Homes to a "strong sell" rating in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price 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.