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

Victory Capital Management Inc. boosted its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 61.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,799 shares of the construction company's stock after acquiring an additional 32,434 shares during the quarter. Victory Capital Management Inc. owned 0.30% of M/I Homes worth $11,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Westfield Capital Management Co. LP purchased a new position in shares of M/I Homes in the third quarter worth about $82,185,000. Pacer Advisors Inc. lifted its stake in M/I Homes by 49.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,070,909 shares of the construction company's stock worth $147,507,000 after acquiring an additional 354,182 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in M/I Homes in the fourth quarter valued at $25,385,000. Comerica Bank purchased a new position in M/I Homes during the 3rd quarter valued at $9,554,000. Finally, American Century Companies Inc. raised its holdings in M/I Homes by 27.0% in the 3rd quarter. American Century Companies Inc. now owns 480,872 shares of the construction company's stock worth $40,412,000 after purchasing an additional 102,358 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insider Activity at M/I Homes

In other M/I Homes news, 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 value of $1,098,000.00. Following the sale, the insider now directly owns 3,609 shares of the company's stock, valued at $440,298. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Susan E. Krohne sold 9,000 shares of the firm's stock in a transaction that occurred on 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 owns 3,609 shares of the company's stock, valued at $440,298. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ann Marie Hunker sold 2,461 shares of the company's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the transaction, the insider now directly owns 2,342 shares in the company, valued at $300,970.42. The disclosure for this sale can be found here. Insiders sold a total of 30,661 shares of company stock valued at $3,756,663 in the last 90 days. Corporate insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MHO. StockNews.com upgraded shares of M/I Homes from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 26th. Wedbush reiterated a "neutral" rating and set a $130.00 target price (up previously from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th.

M/I Homes Stock Down 0.1 %

M/I Homes stock traded down $0.13 on Monday, hitting $123.28. 155,607 shares of the stock traded hands, compared to its average volume of 267,078. The business's fifty day simple moving average is $123.00 and its 200 day simple moving average is $119.57. The firm has a market cap of $3.42 billion, a P/E ratio of 7.09 and a beta of 2.16. The company has a current ratio of 6.91, a quick ratio of 1.99 and a debt-to-equity ratio of 0.35. M/I Homes, Inc. has a 1 year low of $67.51 and a 1 year high of $140.73.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 earnings per share for the quarter, topping analysts' consensus estimates of $3.96 by $0.82. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.01 billion. As a group, sell-side analysts forecast that M/I Homes, Inc. will post 18.18 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.