American Century Companies Inc. Reduces Stock Holdings in M/I Homes, Inc. $MHO

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American Century Companies Inc. trimmed its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 763,027 shares of the construction company's stock after selling 87,390 shares during the quarter. American Century Companies Inc. owned approximately 2.85% of M/I Homes worth $87,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MHO. Envestnet Asset Management Inc. lifted its holdings in shares of M/I Homes by 7.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,124 shares of the construction company's stock worth $282,000 after buying an additional 155 shares in the last quarter. Bank of Montreal Can raised its stake in M/I Homes by 10.3% in the fourth quarter. Bank of Montreal Can now owns 5,423 shares of the construction company's stock valued at $721,000 after purchasing an additional 508 shares in the last quarter. Renaissance Technologies LLC raised its stake in M/I Homes by 14.7% in the fourth quarter. Renaissance Technologies LLC now owns 42,800 shares of the construction company's stock valued at $5,690,000 after purchasing an additional 5,500 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in M/I Homes by 3.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company's stock valued at $371,000 after purchasing an additional 98 shares in the last quarter. Finally, Barclays PLC raised its stake in M/I Homes by 34.1% in the fourth quarter. Barclays PLC now owns 169,796 shares of the construction company's stock valued at $22,574,000 after purchasing an additional 43,219 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MHO. Zelman & Associates raised shares of M/I Homes from a "neutral" rating to an "outperform" rating in a research note on Tuesday, August 12th. Zacks Research raised shares of M/I Homes to a "strong sell" rating in a research note on Tuesday, August 12th. Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Raymond James Financial lowered their target price on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $162.50.

M/I Homes Trading Up 5.9%

Shares of M/I Homes stock traded up $8.1930 on Friday, hitting $146.9630. The stock had a trading volume of 257,122 shares, compared to its average volume of 284,263. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 8.07 and a beta of 1.60. The stock's 50-day simple moving average is $121.11 and its two-hundred day simple moving average is $115.39.

M/I Homes (NYSE:MHO - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (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 firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, sell-side 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.