Rhumbline Advisers Sells 4,285 Shares of M/I Homes, Inc. (NYSE:MHO)

Rhumbline Advisers trimmed its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,423 shares of the construction company's stock after selling 4,285 shares during the quarter. Rhumbline Advisers owned about 0.31% of M/I Homes worth $9,525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MHO. Principal Securities Inc. bought a new stake in shares of M/I Homes during the 4th quarter worth about $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of M/I Homes during the fourth quarter worth approximately $50,000. Steward Partners Investment Advisory LLC bought a new stake in shares of M/I Homes during the fourth quarter worth approximately $70,000. Jones Financial Companies Lllp bought a new position in shares of M/I Homes during the fourth quarter worth approximately $80,000. Finally, Smartleaf Asset Management LLC lifted its holdings in M/I Homes by 283.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company's stock worth $88,000 after purchasing an additional 493 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Raymond James lowered their price target on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th. Finally, Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

M/I Homes Price Performance

Shares of NYSE:MHO traded down $3.37 during trading on Friday, reaching $106.99. 242,956 shares of the company traded hands, compared to its average volume of 285,920. The firm has a market capitalization of $2.87 billion, a PE ratio of 5.43 and a beta of 1.65. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. The company's 50 day moving average is $108.00 and its two-hundred day moving average is $122.51.

M/I Homes (NYSE:MHO - Get Free Report) last posted 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 return on equity of 20.20% and a net margin of 12.51%. The business had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the firm posted $4.78 EPS. M/I Homes's quarterly revenue was down 7.4% on a year-over-year basis. As a group, sell-side analysts predict 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.