M/I Homes, Inc. $MHO Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in M/I Homes, Inc. by 3.8% in Q1, owning 1,136,361 shares valued at approximately $129.7 million after selling 44,308 shares during the quarter.
• M/I Homes reported $4.42 EPS for the most recent quarter, slightly missing analysts' expectations, while revenue increased by 4.8% year-over-year to $1.16 billion.
• Institutional investors currently own 95.14% of M/I Homes stock, indicating strong interest from large financial entities.

Dimensional Fund Advisors LP lessened its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,136,361 shares of the construction company's stock after selling 44,308 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.24% of M/I Homes worth $129,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp raised its stake in 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. Covestor Ltd raised its stake in M/I Homes by 134.8% in the 1st quarter. Covestor Ltd now owns 655 shares of the construction company's stock valued at $75,000 after purchasing an additional 376 shares during the last quarter. GAMMA Investing LLC raised its stake in 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. National Bank of Canada FI raised its stake in M/I Homes by 36.1% in the 1st quarter. National Bank of Canada FI now owns 1,164 shares of the construction company's stock valued at $133,000 after purchasing an additional 309 shares during the last quarter. Finally, CWM LLC raised its stake in 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. Institutional investors and hedge funds own 95.14% of the company's stock.

M/I Homes Stock Down 0.9%

MHO opened at $138.72 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 7.62 and a beta of 1.60. The business has a 50-day moving average of $121.11 and a two-hundred day moving average of $115.39. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18.

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

Analyst Upgrades and Downgrades

MHO has been the subject of several analyst reports. Zelman & Associates raised shares of M/I Homes from a "neutral" rating to an "outperform" rating in a research note on Tuesday, August 12th. Raymond James Financial cut their target price on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research note on Tuesday, April 29th. Zacks Research raised shares of M/I Homes to a "strong sell" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen cut M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $162.50.

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.

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