Illinois Municipal Retirement Fund Sells 1,362 Shares of M/I Homes, Inc. (NYSE:MHO)

Illinois Municipal Retirement Fund cut its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,558 shares of the construction company’s stock after selling 1,362 shares during the period. Illinois Municipal Retirement Fund’s holdings in M/I Homes were worth $2,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Westfield Capital Management Co. LP purchased a new stake in M/I Homes during the third quarter valued at $82,185,000. Pacer Advisors Inc. increased its holdings in M/I Homes by 49.4% in 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 in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in M/I Homes during the 4th quarter worth approximately $25,385,000. Comerica Bank bought a new stake in shares of M/I Homes during the 3rd quarter valued at $9,554,000. Finally, American Century Companies Inc. lifted its stake in shares of 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 buying an additional 102,358 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wedbush reissued a “neutral” rating and issued a $130.00 price target (up from $116.00) on shares of M/I Homes in a report on Wednesday. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Monday, February 19th.

Insider Activity at M/I Homes

In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the sale, the insider now owns 2,342 shares of the company’s stock, valued at approximately $300,970.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is currently owned by corporate insiders.

M/I Homes Price Performance

MHO stock opened at $120.29 on Friday. M/I Homes, Inc. has a 52 week low of $63.39 and a 52 week high of $140.73. The firm has a market capitalization of $3.34 billion, a P/E ratio of 6.92 and a beta of 2.13. The company has a fifty day simple moving average of $123.20 and a two-hundred day simple moving average of $115.80. The company has a quick ratio of 1.68, a current ratio of 6.51 and a debt-to-equity ratio of 0.35.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.82. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Analysts anticipate that M/I Homes, Inc. will post 16.35 earnings per share for the current fiscal year.

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.