Brandywine Global Investment Management LLC Sells 22,769 Shares of M/I Homes, Inc. (NYSE:MHO)

Brandywine Global Investment Management LLC lowered its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,901 shares of the construction company’s stock after selling 22,769 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in M/I Homes were worth $12,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. bought a new position in shares of M/I Homes during the 3rd quarter worth approximately $86,000. FMR LLC increased its position in shares of M/I Homes by 41.4% in the 3rd quarter. FMR LLC now owns 96,809 shares of the construction company’s stock valued at $16,589,000 after acquiring an additional 28,355 shares during the period. BNP Paribas Financial Markets grew its stake in M/I Homes by 4.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 20,430 shares of the construction company’s stock valued at $3,501,000 after purchasing an additional 887 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of M/I Homes by 35.2% in the third quarter. Townsquare Capital LLC now owns 2,433 shares of the construction company’s stock valued at $417,000 after purchasing an additional 634 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of M/I Homes in the third quarter worth about $1,388,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Trading Up 0.6 %

Shares of NYSE MHO opened at $114.12 on Tuesday. 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 stock has a market capitalization of $3.09 billion, a PE ratio of 5.79 and a beta of 2.31. M/I Homes, Inc. has a twelve month low of $109.92 and a twelve month high of $176.18. The stock has a fifty day simple moving average of $120.81 and a 200-day simple moving average of $142.76.

M/I Homes (NYSE:MHO) last released its 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 net margin of 12.51% and a return on equity of 20.20%. On average, equities analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Seaport Res Ptn upgraded shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, Raymond James restated a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th.

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.