State of Tennessee Department of Treasury Has $1.97 Million Position in M/I Homes, Inc. (NYSE:MHO)

State of Tennessee Department of Treasury decreased its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 14.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,838 shares of the construction company's stock after selling 2,565 shares during the period. State of Tennessee Department of Treasury owned 0.05% of M/I Homes worth $1,973,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MHO. Tower Research Capital LLC TRC raised its holdings in shares of M/I Homes by 248.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,151 shares of the construction company's stock worth $286,000 after acquiring an additional 1,533 shares during the period. MetLife Investment Management LLC increased its holdings in shares of M/I Homes by 6.9% during the 4th quarter. MetLife Investment Management LLC now owns 16,148 shares of the construction company's stock worth $2,147,000 after buying an additional 1,036 shares during the last quarter. Farringdon Capital Ltd. purchased a new position in shares of M/I Homes during the 4th quarter worth $414,000. Marshall Wace LLP boosted its holdings in M/I Homes by 17.9% during the 4th quarter. Marshall Wace LLP now owns 36,462 shares of the construction company's stock valued at $4,848,000 after acquiring an additional 5,535 shares during the period. Finally, NewEdge Advisors LLC boosted 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 purchasing an additional 2,945 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on MHO shares. StockNews.com lowered M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Raymond James reduced their price objective on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research report on Tuesday.

M/I Homes Trading Up 2.8 %

Shares of NYSE MHO traded up $3.04 during trading on Friday, hitting $110.36. 227,067 shares of the company traded hands, compared to its average volume of 285,097. The firm has a market capitalization of $2.96 billion, a P/E ratio of 5.60 and a beta of 1.99. 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 has a 50-day moving average price of $112.57 and a 200-day moving average price of $133.06. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the company earned $4.78 EPS. M/I Homes's revenue was down 7.4% on a year-over-year basis. On average, equities analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current year.

M/I Homes 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.