M/I Homes, Inc. (NYSE:MHO) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,133 shares of the construction company's stock after selling 10,470 shares during the quarter. First Trust Advisors LP owned 0.14% of M/I Homes worth $5,336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Farringdon Capital Ltd. purchased a new position in shares of M/I Homes during the 4th quarter valued at approximately $414,000. Marshall Wace LLP grew its position in M/I Homes by 17.9% during the fourth quarter. Marshall Wace LLP now owns 36,462 shares of the construction company's stock valued at $4,848,000 after buying an additional 5,535 shares during the period. NewEdge Advisors LLC increased its holdings in M/I Homes by 1,173.3% in the fourth quarter. NewEdge Advisors LLC now owns 3,196 shares of the construction company's stock valued at $425,000 after buying an additional 2,945 shares in the last quarter. Jump Financial LLC acquired a new position in shares of M/I Homes in the fourth quarter worth about $1,587,000. Finally, Bridgewater Associates LP boosted its stake in shares of M/I Homes by 55.2% during the 4th quarter. Bridgewater Associates LP now owns 25,560 shares of the construction company's stock worth $3,398,000 after acquiring an additional 9,094 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Price Performance

Shares of MHO traded down $1.98 during mid-day trading on Tuesday, hitting $108.55. 22,389 shares of the company were exchanged, compared to its average volume of 284,291. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 5.53 and a beta of 1.75. The company has a 50 day moving average of $112.20 and a 200-day moving average of $131.64.

M/I Homes (NYSE:MHO - Get Free Report) last announced its 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). 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%. M/I Homes's revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $4.78 EPS. Analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.