Donald Smith & CO. Inc. Sells 469,181 Shares of M/I Homes, Inc. (NYSE:MHO)

Donald Smith & CO. Inc. decreased its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,561,020 shares of the construction company's stock after selling 469,181 shares during the quarter. M/I Homes makes up about 5.5% of Donald Smith & CO. Inc.'s holdings, making the stock its 3rd biggest position. Donald Smith & CO. Inc. owned approximately 5.61% of M/I Homes worth $215,015,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC raised its stake in shares of M/I Homes by 1.1% during the 4th quarter. SummerHaven Investment Management LLC now owns 8,198 shares of the construction company's stock worth $1,129,000 after purchasing an additional 88 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in M/I Homes by 0.5% in the fourth quarter. Russell Investments Group Ltd. now owns 127,627 shares of the construction company's stock worth $17,678,000 after buying an additional 649 shares during the last quarter. Semanteon Capital Management LP bought a new position in M/I Homes during the fourth quarter valued at approximately $342,000. Yousif Capital Management LLC lifted its stake in M/I Homes by 4.8% in the fourth quarter. Yousif Capital Management LLC now owns 14,397 shares of the construction company's stock valued at $1,983,000 after acquiring an additional 654 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in M/I Homes in the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Stock Performance

MHO traded up $1.15 on Monday, hitting $121.22. The company had a trading volume of 231,267 shares, compared to its average volume of 273,172. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 6.97 and a beta of 2.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.51 and a quick ratio of 1.86. The company's fifty day moving average price is $123.25 and its 200 day moving average price is $116.84. M/I Homes, Inc. has a 1-year low of $65.42 and a 1-year high of $140.73.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $4.78 EPS for the quarter, beating analysts' consensus estimates of $3.96 by $0.82. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. Equities analysts predict that M/I Homes, Inc. will post 18.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other M/I Homes news, insider Susan E. Krohne sold 9,000 shares of the company's stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the sale, the insider now directly owns 3,609 shares in the company, valued at $440,298. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Ann Marie Hunker sold 2,461 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the sale, the insider now directly owns 2,342 shares of the company's stock, valued at $300,970.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan E. Krohne sold 9,000 shares of the business's stock in a transaction on Friday, April 26th. The stock was sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the transaction, the insider now directly owns 3,609 shares in the company, valued at approximately $440,298. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wedbush restated a "neutral" rating and set a $130.00 price target (up previously from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th. StockNews.com raised shares of M/I Homes from a "buy" rating to a "strong-buy" rating in a research report on Friday.

M/I Homes Company 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.