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

Brandywine Global Investment Management LLC lessened its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 19.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,901 shares of the construction company’s stock after selling 22,769 shares during the period. Brandywine Global Investment Management LLC owned 0.34% of M/I Homes worth $12,617,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vontobel Holding Ltd. boosted its stake 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 worth $734,000 after purchasing an additional 2,858 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of M/I Homes in the third quarter worth approximately $1,388,000. West Oak Capital LLC raised its holdings in M/I Homes by 4,865.0% in the 4th quarter. West Oak Capital LLC now owns 4,965 shares of the construction company’s stock worth $660,000 after acquiring an additional 4,865 shares during the last quarter. World Investment Advisors LLC bought a new position in M/I Homes in the 3rd quarter valued at approximately $4,698,000. Finally, Range Financial Group LLC bought a new stake in shares of M/I Homes in the 4th quarter worth $834,000. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MHO shares. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report 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 reaffirmed a “strong-buy” rating and set a $168.00 target price (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $114.12 on Tuesday. 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 firm has a market cap of $3.09 billion, a price-to-earnings ratio of 5.79 and a beta of 2.31. The firm has a fifty day moving average price of $120.81 and a 200 day moving average price of $142.76. M/I Homes, Inc. has a fifty-two week low of $109.92 and a fifty-two week high of $176.18.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (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%. As a group, sell-side analysts expect that M/I Homes, Inc. will post 18.44 earnings per share 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.