Fisher Asset Management LLC Has $3.27 Million Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Fisher Asset Management LLC decreased its position in M/I Homes, Inc. (NYSE:MHO) by 19.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 23,703 shares of the construction company’s stock after selling 5,863 shares during the quarter. Fisher Asset Management LLC owned 0.09% of M/I Homes worth $3,265,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in M/I Homes by 2.3% during the third quarter. Vanguard Group Inc. now owns 1,961,428 shares of the construction company’s stock worth $164,838,000 after buying an additional 43,417 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of M/I Homes by 21.1% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,184,431 shares of the construction company’s stock worth $163,144,000 after acquiring an additional 206,509 shares in the last quarter. Pacer Advisors Inc. grew its position in M/I Homes by 49.4% during the 4th 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 last quarter. American Century Companies Inc. increased its holdings in M/I Homes by 27.0% during the 3rd quarter. American Century Companies Inc. now owns 480,872 shares of the construction company’s stock valued at $40,412,000 after purchasing an additional 102,358 shares in the last quarter. Finally, Invesco Ltd. raised its position in M/I Homes by 15.4% in the 3rd quarter. Invesco Ltd. now owns 427,281 shares of the construction company’s stock valued at $35,909,000 after purchasing an additional 57,162 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In other M/I Homes 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 value of $1,098,000.00. Following the transaction, the insider now directly owns 3,609 shares of the company’s stock, valued at $440,298. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Robert H. Schottenstein sold 19,200 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $122.00, for a total transaction of $2,342,400.00. Following the completion of the transaction, the chief executive officer now owns 122,951 shares in the company, valued at $15,000,022. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Susan E. Krohne sold 9,000 shares of the 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 completion of the sale, the insider now owns 3,609 shares in the company, valued at $440,298. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

M/I Homes Stock Down 1.1 %

NYSE MHO opened at $119.24 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.99 and a current ratio of 6.91. M/I Homes, Inc. has a 52 week low of $74.79 and a 52 week high of $140.73. The stock has a market capitalization of $3.31 billion, a P/E ratio of 6.86 and a beta of 2.20. The stock has a fifty day moving average of $122.14 and a 200-day moving average of $124.79.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.82. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. On average, equities research analysts forecast that M/I Homes, Inc. will post 18.18 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wedbush restated 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. StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th.

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.