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

Hennessy Advisors Inc. lessened its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 8.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,200 shares of the construction company's stock after selling 29,300 shares during the period. M/I Homes makes up about 1.1% of Hennessy Advisors Inc.'s holdings, making the stock its 27th biggest holding. Hennessy Advisors Inc. owned 1.10% of M/I Homes worth $34,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in MHO. Donald Smith & CO. Inc. grew its holdings in shares of M/I Homes by 6.0% in the fourth 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 period. American Century Companies Inc. boosted its holdings in shares of M/I Homes by 2.4% in the 4th quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock valued at $113,063,000 after buying an additional 20,055 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of M/I Homes by 2.3% in 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 during the last quarter. Northern Trust Corp increased its holdings in M/I Homes by 8.4% in the 4th quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock worth $46,134,000 after acquiring an additional 26,820 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in M/I Homes by 42.5% during the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock worth $36,544,000 after purchasing an additional 81,964 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wall Street Zen lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Raymond James dropped their price objective 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 Trading Down 3.5%

NYSE:MHO traded down $3.81 during mid-day trading on Tuesday, hitting $104.17. The company had a trading volume of 175,730 shares, compared to its average volume of 271,977. The business's fifty day moving average is $108.13 and its two-hundred day moving average is $121.11. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The firm has a market cap of $2.79 billion, a P/E ratio of 5.29 and a beta of 1.65.

M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results 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). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The business had revenue of $976.09 million for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm earned $4.78 earnings per share. The company's revenue was down 7.4% compared to the same quarter last year. As a group, research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

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.