M/I Homes, Inc. (NYSE:MHO) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 17.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 105,834 shares of the construction company's stock after selling 21,813 shares during the quarter. Nuveen Asset Management LLC owned about 0.38% of M/I Homes worth $14,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. lifted its position in M/I Homes by 6.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock worth $154,779,000 after acquiring an additional 65,771 shares during the period. American Century Companies Inc. raised its holdings in shares of M/I Homes by 2.4% during the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock worth $113,063,000 after purchasing an additional 20,055 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of M/I Homes by 2.3% during the fourth quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company's stock worth $91,402,000 after purchasing an additional 15,685 shares during the last quarter. Northern Trust Corp raised its holdings in shares of M/I Homes by 8.4% during the fourth quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock worth $46,134,000 after purchasing an additional 26,820 shares during the last quarter. Finally, Royce & Associates LP raised 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. Institutional investors and hedge funds own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MHO shares. 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 reduced 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 report on Tuesday, April 29th. Finally, Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

M/I Homes Stock Performance

MHO stock traded up $0.16 during midday trading on Thursday, hitting $107.14. 104,772 shares of the stock traded hands, compared to its average volume of 284,232. The firm has a market cap of $2.87 billion, a P/E ratio of 5.44 and a beta of 1.75. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The stock's fifty day simple moving average is $109.43 and its 200-day simple moving average is $126.27. 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 released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.16 by ($0.18). The firm had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.78 EPS. On average, analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

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.