Virtus Investment Advisers Inc. Trims Holdings in M/I Homes, Inc. (NYSE:MHO)

Virtus Investment Advisers Inc. reduced its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 56.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the construction company's stock after selling 2,600 shares during the quarter. Virtus Investment Advisers Inc.'s holdings in M/I Homes were worth $266,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new stake in shares of M/I Homes during the 4th quarter worth $1,060,000. Two Sigma Advisers LP lifted its stake in shares of M/I Homes by 126.0% during the 4th quarter. Two Sigma Advisers LP now owns 22,600 shares of the construction company's stock worth $3,005,000 after purchasing an additional 12,600 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of M/I Homes by 50.1% during the 4th quarter. Two Sigma Investments LP now owns 27,950 shares of the construction company's stock worth $3,716,000 after purchasing an additional 9,326 shares during the last quarter. State of Wyoming purchased a new stake in shares of M/I Homes during the 4th quarter worth $162,000. Finally, Rafferty Asset Management LLC lifted its stake in shares of M/I Homes by 50.5% during the 4th quarter. Rafferty Asset Management LLC now owns 18,396 shares of the construction company's stock worth $2,446,000 after purchasing an additional 6,169 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MHO has been the subject of a number of analyst reports. Raymond James decreased their price objective on 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. Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Wall Street Zen cut M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th.

M/I Homes Stock Up 0.3%

M/I Homes stock traded up $0.28 during midday trading on Friday, reaching $106.58. The company's stock had a trading volume of 181,131 shares, compared to its average volume of 284,443. The stock's 50-day simple moving average is $109.99 and its 200-day simple moving average is $127.44. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The stock has a market capitalization of $2.85 billion, a P/E ratio of 5.41 and a beta of 1.75.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The business had revenue of $976.09 million during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the business posted $4.78 earnings per share. The company's quarterly revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts expect 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.