Foundry Partners LLC Sells 780 Shares of M/I Homes, Inc. (NYSE:MHO)

Foundry Partners LLC cut its position in M/I Homes, Inc. (NYSE:MHO) by 34.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,511 shares of the construction company’s stock after selling 780 shares during the period. Foundry Partners LLC’s holdings in M/I Homes were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hennessy Advisors Inc. bought a new stake in M/I Homes during the fourth quarter valued at about $43,674,000. Royce & Associates LP raised its stake in M/I Homes by 42.5% during the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company’s stock valued at $36,544,000 after purchasing an additional 81,964 shares during the period. Raymond James Financial Inc. purchased a new position in M/I Homes in the 4th quarter worth approximately $10,672,000. Donald Smith & CO. Inc. boosted its stake in M/I Homes by 6.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company’s stock worth $154,779,000 after purchasing an additional 65,771 shares during the period. Finally, Barclays PLC grew its holdings in M/I Homes by 45.7% during the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company’s stock valued at $21,690,000 after buying an additional 39,711 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Trading Up 4.5 %

Shares of MHO opened at $114.01 on Friday. The company’s fifty day moving average is $118.94 and its 200 day moving average is $141.44. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The stock has a market capitalization of $3.09 billion, a PE ratio of 5.78 and a beta of 1.99. M/I Homes, Inc. has a fifty-two week low of $105.00 and a fifty-two week high of $176.18.

M/I Homes (NYSE:MHO) last released 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 net margin of 12.51% and a return on equity of 20.20%. Sell-side analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.