Donald Smith & CO. Inc. Sells 469,181 Shares of M/I Homes, Inc. (NYSE:MHO)

Donald Smith & CO. Inc. lessened its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,561,020 shares of the construction company’s stock after selling 469,181 shares during the quarter. M/I Homes accounts for approximately 5.5% of Donald Smith & CO. Inc.’s holdings, making the stock its 3rd largest holding. Donald Smith & CO. Inc. owned 5.61% of M/I Homes worth $215,015,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MHO. Westfield Capital Management Co. LP bought a new position in M/I Homes during the 3rd quarter worth about $82,185,000. Pacer Advisors Inc. increased its holdings 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 purchasing an additional 354,182 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in M/I Homes during the 4th quarter worth about $25,385,000. Comerica Bank bought a new position in M/I Homes during the 3rd quarter worth about $9,554,000. Finally, 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 worth $40,412,000 after purchasing an additional 102,358 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity

In related news, insider Ann Marie Hunker sold 2,461 shares of M/I Homes stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the transaction, the insider now owns 2,342 shares in the company, valued at $300,970.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by corporate insiders.

M/I Homes Stock Up 1.0 %

Shares of NYSE MHO traded up $1.15 during mid-day trading on Monday, hitting $121.22. The company had a trading volume of 231,480 shares, compared to its average volume of 273,172. The company has a market capitalization of $3.37 billion, a PE ratio of 6.92 and a beta of 2.13. The firm has a 50-day simple moving average of $123.21 and a two-hundred day simple moving average of $116.54. The company has a current ratio of 6.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.35. M/I Homes, Inc. has a one year low of $65.42 and a one year high of $140.73.

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, beating the consensus estimate of $3.96 by $0.82. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. On average, equities analysts expect that M/I Homes, Inc. will post 18.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MHO. Wedbush reiterated 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 upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday.

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.