M/I Homes, Inc. $MHO Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,630,691 shares of the construction company's stock after selling 8,851 shares during the period. Vanguard Group Inc. owned 9.82% of M/I Homes worth $300,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp increased its position in shares of M/I Homes by 38.3% in the 1st quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock valued at $43,000 after purchasing an additional 105 shares during the last quarter. GAMMA Investing LLC increased its position in shares of M/I Homes by 57.6% in the 1st quarter. GAMMA Investing LLC now owns 919 shares of the construction company's stock valued at $105,000 after purchasing an additional 336 shares during the last quarter. CWM LLC increased its position in shares of M/I Homes by 75.2% in the 1st quarter. CWM LLC now owns 1,284 shares of the construction company's stock valued at $147,000 after purchasing an additional 551 shares during the last quarter. State of Wyoming purchased a new stake in shares of M/I Homes in the 4th quarter valued at approximately $162,000. Finally, PharVision Advisers LLC purchased a new stake in shares of M/I Homes in the 4th quarter valued at approximately $209,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Raymond James Financial dropped 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 report on Tuesday, April 29th. Zelman & Associates raised shares of M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Zacks Research raised shares of M/I Homes to a "strong sell" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Two research 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, the company has a consensus rating of "Buy" and an average price target of $162.50.

M/I Homes Stock Performance

NYSE:MHO traded up $8.1930 during trading hours on Friday, reaching $146.9630. 372,000 shares of the company's stock were exchanged, compared to its average volume of 304,852. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 8.07 and a beta of 1.60. The company has a 50-day moving average of $121.90 and a 200 day moving average of $115.57. 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 1-year low of $100.22 and a 1-year high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing analysts' consensus estimates of $4.43 by ($0.01). The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The company's quarterly revenue was up 4.8% on a year-over-year basis. Research analysts anticipate that M/I Homes, Inc. will post 18.44 EPS 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.