American Century Companies Inc. Has $16.61 Million Stake in M/I Homes, Inc. (NYSE:MHO)

American Century Companies Inc. grew its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 92.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 263,340 shares of the construction company’s stock after purchasing an additional 126,173 shares during the period. American Century Companies Inc. owned about 0.95% of M/I Homes worth $16,614,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new stake in M/I Homes during the first quarter worth $43,000. Captrust Financial Advisors boosted its holdings in M/I Homes by 28.6% during the 1st quarter. Captrust Financial Advisors now owns 1,947 shares of the construction company’s stock worth $86,000 after acquiring an additional 433 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of M/I Homes by 13.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,358 shares of the construction company’s stock worth $122,000 after acquiring an additional 406 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of M/I Homes by 8.1% in the third quarter. Tower Research Capital LLC TRC now owns 3,835 shares of the construction company’s stock valued at $139,000 after purchasing an additional 288 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of M/I Homes by 10.6% during the first quarter. US Bancorp DE now owns 3,332 shares of the construction company’s stock valued at $148,000 after purchasing an additional 318 shares in the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Robert H. Schottenstein sold 1,441 shares of M/I Homes stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $99.42, for a total value of $143,264.22. Following the sale, the chief executive officer now owns 98,886 shares of the company’s stock, valued at approximately $9,831,246.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MHO. Wedbush upped their price objective on shares of M/I Homes from $108.00 to $116.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. StockNews.com started coverage on M/I Homes in a research note on Thursday, August 17th. They issued a “buy” rating on the stock.

M/I Homes Trading Up 1.3 %

Shares of M/I Homes stock opened at $98.19 on Friday. The firm has a market cap of $2.73 billion, a PE ratio of 5.75 and a beta of 1.98. M/I Homes, Inc. has a 1 year low of $35.37 and a 1 year high of $101.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.11 and a quick ratio of 1.48. The stock has a fifty day moving average price of $92.31 and a 200-day moving average price of $74.78.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $4.12 earnings per share for the quarter, beating the consensus estimate of $2.45 by $1.67. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $822.80 million. M/I Homes had a net margin of 11.38% and a return on equity of 23.42%. Equities research analysts anticipate that M/I Homes, Inc. will post 16.88 EPS for the current year.

About M/I Homes

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family 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. It also designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name.