M/I Homes, Inc. (NYSE:MHO) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lessened its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 72.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,902 shares of the construction company's stock after selling 15,743 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in M/I Homes were worth $674,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Donald Smith & CO. Inc. lifted its holdings in shares of M/I Homes by 6.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock worth $154,779,000 after acquiring an additional 65,771 shares during the last quarter. American Century Companies Inc. lifted its stake in M/I Homes by 2.4% during the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock worth $113,063,000 after purchasing an additional 20,055 shares in the last quarter. Franklin Resources Inc. lifted its stake in M/I Homes by 2.3% during the fourth quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company's stock worth $91,402,000 after purchasing an additional 15,685 shares in the last quarter. Northern Trust Corp boosted its position in shares of M/I Homes by 8.4% during the fourth quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock worth $46,134,000 after buying an additional 26,820 shares during the period. Finally, Royce & Associates LP grew its stake in shares of M/I Homes by 42.5% in the fourth quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock valued at $36,544,000 after buying an additional 81,964 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Down 3.5%

MHO stock traded down $3.81 during midday trading on Tuesday, hitting $104.17. The company's stock had a trading volume of 176,404 shares, compared to its average volume of 286,028. The firm has a 50-day simple moving average of $108.01 and a 200-day simple moving average of $120.99. The firm has a market capitalization of $2.79 billion, a P/E ratio of 5.51 and a beta of 1.65. The company has a quick ratio of 1.79, a current ratio of 7.43 and a debt-to-equity ratio of 0.31. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data 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 12.11% and a return on equity of 18.62%. The company had revenue of $976.09 million during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business posted $4.78 earnings per share. The firm's revenue was down 7.4% on a year-over-year basis. As a group, equities analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analyst Weigh In

MHO has been the topic of several research analyst reports. Raymond James Financial cut their price objective on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 29th. Wall Street Zen lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th.

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.