Teacher Retirement System of Texas Sells 10,800 Shares of M/I Homes, Inc. (NYSE:MHO)

Teacher Retirement System of Texas trimmed its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 43.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 14,100 shares of the construction company's stock after selling 10,800 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of M/I Homes worth $1,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Millennium Management LLC raised its position in shares of M/I Homes by 85.5% during the 4th quarter. Millennium Management LLC now owns 238,826 shares of the construction company's stock worth $31,752,000 after acquiring an additional 110,086 shares in the last quarter. GAMMA Investing LLC raised its holdings in M/I Homes by 17,898.5% during the first quarter. GAMMA Investing LLC now owns 104,931 shares of the construction company's stock worth $11,981,000 after purchasing an additional 104,348 shares in the last quarter. Assenagon Asset Management S.A. boosted 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 in the last quarter. Royce & Associates LP grew its holdings in shares of M/I Homes by 42.5% during the fourth 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. Finally, Raymond James Financial Inc. acquired a new stake in shares of M/I Homes during the fourth quarter worth about $10,672,000. Institutional investors and hedge funds own 95.14% of the company's stock.

M/I Homes Stock Performance

Shares of NYSE:MHO traded down $5.13 during trading on Tuesday, hitting $114.46. 201,363 shares of the company traded hands, compared to its average volume of 288,014. The business's fifty day moving average is $110.54 and its 200-day moving average is $115.98. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 6.07 and a beta of 1.64. The company has a quick ratio of 1.79, a current ratio of 7.43 and a debt-to-equity ratio of 0.31.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.16 by ($0.18). The business had revenue of $976.09 million during the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a return on equity of 18.62% and a net margin of 12.11%. The business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.78 EPS. As a group, equities analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MHO. Wall Street Zen cut shares of M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Raymond James Financial decreased their price objective on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 29th.

About M/I Homes

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.