Hotchkis & Wiley Capital Management LLC Sells 6,827 Shares of M/I Homes, Inc. $MHO

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in M/I Homes, Inc. by 11.0%, selling 6,827 shares to hold a total of 55,216 shares valued at $6.3 million.
• Several institutional investors have increased their positions in M/I Homes, with Fifth Third Bancorp raising its stake by 38.3%, now owning 379 shares valued at $43,000.
• M/I Homes reported a 4.8% year-over-year revenue increase for the quarter, despite slightly missing EPS estimates, with a net margin of 11.40% and revenue of $1.16 billion.

Hotchkis & Wiley Capital Management LLC reduced its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,216 shares of the construction company's stock after selling 6,827 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.21% of M/I Homes worth $6,305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AlphaQuest LLC lifted its holdings in shares of M/I Homes by 54.0% during the first quarter. AlphaQuest LLC now owns 14,417 shares of the construction company's stock valued at $1,646,000 after acquiring an additional 5,055 shares during the period. CW Advisors LLC raised its holdings in shares of M/I Homes by 1.1% in the first quarter. CW Advisors LLC now owns 16,121 shares of the construction company's stock valued at $1,841,000 after buying an additional 171 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of M/I Homes by 12.2% in the first quarter. Martingale Asset Management L P now owns 11,943 shares of the construction company's stock valued at $1,364,000 after buying an additional 1,301 shares during the last quarter. Voss Capital LP bought a new position in shares of M/I Homes in the first quarter valued at about $4,838,000. Finally, Quantbot Technologies LP raised its holdings in shares of M/I Homes by 63.5% in the first quarter. Quantbot Technologies LP now owns 50,090 shares of the construction company's stock valued at $5,719,000 after buying an additional 19,452 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on MHO. Zacks Research raised M/I Homes to a "strong sell" rating in a report on Tuesday, August 12th. Zelman & Associates raised M/I Homes from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $162.50.

M/I Homes Trading Up 0.7%

Shares of M/I Homes stock traded up $1.04 during trading on Friday, hitting $147.45. 248,865 shares of the company were exchanged, compared to its average volume of 276,781. The firm has a market capitalization of $3.95 billion, a P/E ratio of 8.10 and a beta of 1.66. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The firm's fifty day moving average price is $125.99 and its 200 day moving average price is $116.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78.

M/I Homes (NYSE:MHO - Get Free Report) last posted 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 company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. The business's quarterly revenue 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 fiscal year.

M/I Homes 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.