Victory Capital Management Inc. Sells 1,765 Shares of M/I Homes, Inc. (NYSE:MHO)

Victory Capital Management Inc. lowered its position in M/I Homes, Inc. (NYSE:MHO) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,049 shares of the construction company’s stock after selling 1,765 shares during the quarter. Victory Capital Management Inc. owned about 0.17% of M/I Homes worth $6,255,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its stake in M/I Homes by 107.2% in the fourth quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company’s stock valued at $734,000 after acquiring an additional 2,858 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in M/I Homes during the third quarter valued at about $1,388,000. West Oak Capital LLC boosted its position in M/I Homes by 4,865.0% during the fourth quarter. West Oak Capital LLC now owns 4,965 shares of the construction company’s stock valued at $660,000 after buying an additional 4,865 shares during the period. World Investment Advisors LLC purchased a new stake in M/I Homes during the third quarter valued at about $4,698,000. Finally, Range Financial Group LLC purchased a new stake in M/I Homes during the fourth quarter valued at about $834,000. Institutional investors own 95.14% of the company’s stock.

M/I Homes Trading Up 2.0 %

Shares of MHO stock opened at $117.17 on Friday. M/I Homes, Inc. has a 12-month low of $109.92 and a 12-month high of $176.18. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $124.08 and its 200 day moving average is $146.07. The stock has a market capitalization of $3.18 billion, a P/E ratio of 5.94 and a beta of 2.31.

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

Wall Street Analyst Weigh In

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

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.