M/I Homes, Inc. (NYSE:MHO) Shares Acquired by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. raised its position in shares of M/I Homes, Inc. (NYSE:MHO) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164,189 shares of the construction company’s stock after purchasing an additional 65,771 shares during the period. M/I Homes accounts for about 3.7% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 8th largest position. Donald Smith & CO. Inc. owned approximately 4.20% of M/I Homes worth $154,779,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Vontobel Holding Ltd. boosted its position in M/I Homes by 107.2% in the 4th quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company’s stock valued at $734,000 after buying an additional 2,858 shares during the last quarter. West Oak Capital LLC increased its position in M/I Homes by 4,865.0% during the fourth quarter. West Oak Capital LLC now owns 4,965 shares of the construction company’s stock worth $660,000 after buying an additional 4,865 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of M/I Homes during the 3rd quarter worth about $4,698,000. Range Financial Group LLC bought a new position in M/I Homes during the 4th quarter worth $834,000. Finally, JPMorgan Chase & Co. grew its position in M/I Homes by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 267,684 shares of the construction company’s stock worth $45,870,000 after buying an additional 14,321 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Stock Up 1.1 %

NYSE MHO opened at $115.62 on Thursday. 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 stock has a market capitalization of $3.13 billion, a PE ratio of 5.87 and a beta of 2.31. The business’s 50-day moving average is $119.91 and its 200 day moving average is $142.21. 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 the consensus estimate of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. Sell-side analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Wall Street Analyst Weigh In

MHO has been the subject of a number of recent research reports. Raymond James reaffirmed a “strong-buy” rating and issued a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, Seaport Res Ptn raised shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

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.