Legal & General Group Plc Sells 3,315 Shares of M/I Homes, Inc. (NYSE:MHO)

Legal & General Group Plc decreased its position in M/I Homes, Inc. (NYSE:MHO) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,758 shares of the construction company’s stock after selling 3,315 shares during the quarter. Legal & General Group Plc owned approximately 0.28% of M/I Homes worth $10,205,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Donald Smith & CO. Inc. grew its holdings in M/I Homes by 6.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company’s stock valued at $154,779,000 after buying an additional 65,771 shares during the last quarter. American Century Companies Inc. grew its stake in shares of M/I Homes by 2.4% in the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company’s stock worth $113,063,000 after acquiring an additional 20,055 shares during the last quarter. Franklin Resources Inc. increased its position in M/I Homes by 2.3% during the fourth quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company’s stock worth $91,402,000 after acquiring an additional 15,685 shares during the period. Hennessy Advisors Inc. acquired a new position in M/I Homes during the 4th quarter valued at $43,674,000. Finally, Royce & Associates LP boosted its holdings in M/I Homes by 42.5% in the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company’s stock valued at $36,544,000 after purchasing an additional 81,964 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Price Performance

Shares of M/I Homes stock opened at $105.93 on Friday. The firm has a market cap of $2.87 billion, a P/E ratio of 5.37 and a beta of 1.99. The firm’s 50-day simple moving average is $114.91 and its 200-day simple moving average is $137.13. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. 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 (NYSE:MHO) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. As a group, research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Raymond James reissued a “strong-buy” rating and set a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

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.