M/I Homes, Inc. (NYSE:MHO) Shares Sold by James Investment Research Inc.

James Investment Research Inc. lowered its position in shares of M/I Homes, Inc. (NYSE:MHO) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 43,556 shares of the construction company’s stock after selling 252 shares during the quarter. James Investment Research Inc.’s holdings in M/I Homes were worth $5,791,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of M/I Homes in the third quarter worth about $27,000. Principal Securities Inc. acquired a new position in M/I Homes in the 4th quarter worth approximately $27,000. R Squared Ltd acquired a new position in M/I Homes in the 4th quarter worth approximately $33,000. Signaturefd LLC raised its position in M/I Homes by 49.4% during the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after buying an additional 117 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in M/I Homes during the 3rd quarter valued at approximately $86,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Price Performance

Shares of NYSE MHO opened at $119.11 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.32 and a quick ratio of 1.93. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 6.04 and a beta of 2.29. The firm’s 50 day simple moving average is $133.61 and its 200-day simple moving average is $150.55. M/I Homes, Inc. has a 12 month low of $109.92 and a 12 month high of $176.18.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. Analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of M/I Homes from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $155.00 to $185.00 in a research report on Monday, November 4th. Finally, Raymond James reiterated a “strong-buy” rating and set a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

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.