American Century Companies Inc. Purchases 20,055 Shares of M/I Homes, Inc. (NYSE:MHO)

American Century Companies Inc. raised its position in shares of M/I Homes, Inc. (NYSE:MHO) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 850,417 shares of the construction company’s stock after acquiring an additional 20,055 shares during the quarter. American Century Companies Inc. owned about 3.06% of M/I Homes worth $113,063,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MHO. Principal Securities Inc. bought a new stake in shares of M/I Homes during the 4th quarter valued at about $27,000. R Squared Ltd acquired a new position in M/I Homes in the fourth quarter valued at approximately $33,000. Daiwa Securities Group Inc. bought a new position in shares of M/I Homes during the 3rd quarter worth approximately $86,000. Private Trust Co. NA acquired a new stake in shares of M/I Homes during the 3rd quarter worth approximately $88,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of M/I Homes in the 4th quarter valued at $70,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented 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. Raymond James reaffirmed a “strong-buy” rating and set a $168.00 price target (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. Finally, Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

M/I Homes Stock Down 1.6 %

Shares of NYSE MHO opened at $115.89 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The company has a 50-day moving average price of $123.00 and a 200-day moving average price of $144.42. The stock has a market capitalization of $3.14 billion, a P/E ratio of 5.88 and a beta of 2.31. M/I Homes, Inc. has a 1 year low of $109.92 and a 1 year high of $176.18.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. On average, equities research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

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.