M/I Homes, Inc. $MHO Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC reduced its stake in M/I Homes, Inc. (NYSE:MHO) by 23.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,749 shares of the construction company’s stock after selling 14,809 shares during the period. AQR Capital Management LLC owned approximately 0.18% of M/I Homes worth $5,452,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MHO. Fifth Third Bancorp increased its position in shares of M/I Homes by 38.3% during the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock worth $43,000 after acquiring an additional 105 shares during the last quarter. Covestor Ltd increased its position in shares of M/I Homes by 134.8% during the first quarter. Covestor Ltd now owns 655 shares of the construction company’s stock worth $75,000 after acquiring an additional 376 shares during the last quarter. GAMMA Investing LLC increased its position in shares of M/I Homes by 57.6% during the first quarter. GAMMA Investing LLC now owns 919 shares of the construction company’s stock worth $105,000 after acquiring an additional 336 shares during the last quarter. National Bank of Canada FI increased its position in shares of M/I Homes by 36.1% during the first quarter. National Bank of Canada FI now owns 1,164 shares of the construction company’s stock worth $133,000 after acquiring an additional 309 shares during the last quarter. Finally, CWM LLC increased its position in shares of M/I Homes by 75.2% during the first quarter. CWM LLC now owns 1,284 shares of the construction company’s stock worth $147,000 after acquiring an additional 551 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MHO. Zelman & Associates raised M/I Homes from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 12th. Zacks Research raised M/I Homes to a “strong sell” rating in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, M/I Homes currently has a consensus rating of “Buy” and an average price target of $162.50.

M/I Homes Stock Down 1.6%

Shares of M/I Homes stock opened at $154.42 on Friday. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. The firm has a market cap of $4.14 billion, a P/E ratio of 8.48 and a beta of 1.66. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The business has a 50-day moving average price of $133.82 and a 200 day moving average price of $118.90.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing the consensus estimate of $4.43 by ($0.01). M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

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.