M/I Homes, Inc. (NYSE:MHO) Stock Position Raised by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 44.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,040 shares of the construction company's stock after purchasing an additional 2,466 shares during the period. ProShare Advisors LLC's holdings in M/I Homes were worth $1,069,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Donald Smith & CO. Inc. grew its position in shares of 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 valued at $154,779,000 after buying an additional 65,771 shares during the last quarter. American Century Companies Inc. grew 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 valued at $113,063,000 after purchasing an additional 20,055 shares during the last quarter. Franklin Resources Inc. raised its position in shares of M/I Homes by 2.3% during the 4th 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 period. Northern Trust Corp lifted its holdings in shares of M/I Homes by 8.4% in the 4th 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 grew its stake in M/I Homes by 42.5% during the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock worth $36,544,000 after buying an additional 81,964 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Price Performance

MHO stock traded up $0.28 during trading on Monday, hitting $106.58. The company had a trading volume of 181,131 shares, compared to its average volume of 284,953. The business has a 50 day moving average of $109.99 and a 200 day moving average of $126.94. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 5.41 and a beta of 1.75. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business earned $4.78 EPS. M/I Homes's revenue was down 7.4% compared to the same quarter last year. As a group, research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Ratings Changes

MHO has been the subject of several recent analyst reports. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wall Street Zen downgraded M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Finally, 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 report on Tuesday, April 29th.

M/I Homes 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.