M/I Homes, Inc. (NYSE:MHO) Shares Sold by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. reduced its stake in M/I Homes by 10.3%, holding 42,221 shares valued at approximately $4.82 million at the end of the first quarter.
• Several institutional investors increased their holdings in M/I Homes, including Fifth Third Bancorp, which lifted its stake by 38.3%.
• Wall Street analysts have mixed views on M/I Homes; while Raymond James maintains a "strong-buy" rating, Wall Street Zen downgraded the stock from "buy" to "hold".

Victory Capital Management Inc. reduced its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 10.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,221 shares of the construction company's stock after selling 4,828 shares during the quarter. Victory Capital Management Inc. owned approximately 0.16% of M/I Homes worth $4,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MHO. Donald Smith & CO. Inc. boosted its position in shares of M/I Homes by 6.0% in the fourth 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 last quarter. Franklin Resources Inc. grew its stake 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 valued at $91,402,000 after buying an additional 15,685 shares during the period. Northern Trust Corp increased its holdings in shares of M/I Homes by 8.4% during the 4th quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock worth $46,134,000 after buying an additional 26,820 shares during the last quarter. Millennium Management LLC raised its position in shares of M/I Homes by 85.5% in the 4th quarter. Millennium Management LLC now owns 238,826 shares of the construction company's stock worth $31,752,000 after buying an additional 110,086 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in M/I Homes by 81.7% in the first quarter. Assenagon Asset Management S.A. now owns 196,921 shares of the construction company's stock valued at $22,484,000 after acquiring an additional 88,545 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Stock Down 1.3%

Shares of MHO stock traded down $1.56 during trading hours on Wednesday, reaching $120.78. The company had a trading volume of 360,076 shares, compared to its average volume of 307,108. The company has a market capitalization of $3.23 billion, a P/E ratio of 6.63 and a beta of 1.64. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 7.21. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. The stock's fifty day simple moving average is $112.68 and its 200 day simple moving average is $115.31.

M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $4.42 EPS for the quarter, missing analysts' consensus estimates of $4.43 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%. M/I Homes's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MHO has been the subject of a number of research reports. Raymond James Financial decreased their target price 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. Wall Street Zen lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

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.