M/I Homes, Inc. (NYSE:MHO) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 43.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,100 shares of the construction company's stock after selling 10,800 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of M/I Homes worth $1,610,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MHO. Millennium Management LLC lifted its holdings in shares of M/I Homes by 85.5% in the 4th quarter. Millennium Management LLC now owns 238,826 shares of the construction company's stock valued at $31,752,000 after buying an additional 110,086 shares during the period. GAMMA Investing LLC lifted its holdings in shares of M/I Homes by 17,898.5% in the 1st quarter. GAMMA Investing LLC now owns 104,931 shares of the construction company's stock valued at $11,981,000 after buying an additional 104,348 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of M/I Homes by 81.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 196,921 shares of the construction company's stock valued at $22,484,000 after buying an additional 88,545 shares during the period. Royce & Associates LP lifted its holdings in shares of M/I Homes by 42.5% in the 4th 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 during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of M/I Homes in the 4th quarter valued at approximately $10,672,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Wall Street Analyst Weigh In

MHO has been the subject of several recent analyst reports. Wall Street Zen cut M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Raymond James Financial reduced 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 Price Performance

MHO stock traded up $0.15 during midday trading on Friday, hitting $121.18. 469,964 shares of the stock were exchanged, compared to its average volume of 287,427. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 6.41 and a beta of 1.64. The stock's 50-day moving average price is $110.36 and its 200-day moving average price is $116.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.79 and a current ratio of 7.43.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly 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 18.62% and a net margin of 12.11%. The company had revenue of $976.09 million during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the firm earned $4.78 earnings per share. The business's revenue was down 7.4% compared to the same quarter last year. Research analysts predict 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.