Donald Smith & CO. Inc. Has $215.02 Million Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Donald Smith & CO. Inc. reduced its holdings in M/I Homes, Inc. (NYSE:MHO) by 23.1% in the fourth quarter, HoldingsChannel reports. The firm owned 1,561,020 shares of the construction company’s stock after selling 469,181 shares during the period. M/I Homes makes up about 5.5% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 3rd biggest holding. Donald Smith & CO. Inc. owned approximately 0.06% of M/I Homes worth $215,015,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in MHO. Stratos Wealth Partners LTD. bought a new stake in M/I Homes in the third quarter worth approximately $908,000. GW Henssler & Associates Ltd. acquired a new stake in M/I Homes in the third quarter valued at approximately $216,000. Summit Financial Strategies Inc. acquired a new stake in M/I Homes in the third quarter valued at approximately $304,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in M/I Homes by 25.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,577 shares of the construction company’s stock valued at $637,000 after acquiring an additional 1,559 shares during the period. Finally, Strs Ohio grew its stake in M/I Homes by 200.0% in the third quarter. Strs Ohio now owns 300 shares of the construction company’s stock valued at $25,000 after acquiring an additional 200 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MHO shares. StockNews.com raised M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Friday. Wedbush reissued a “neutral” rating and issued a $130.00 price objective (up previously from $116.00) on shares of M/I Homes in a research note on Wednesday, April 24th.

Insider Activity at M/I Homes

In related news, insider Ann Marie Hunker sold 2,461 shares of M/I Homes stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the transaction, the insider now owns 2,342 shares of the company’s stock, valued at $300,970.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by insiders.

M/I Homes Stock Up 1.0 %

M/I Homes stock traded up $1.15 during mid-day trading on Monday, reaching $121.22. The stock had a trading volume of 231,480 shares, compared to its average volume of 273,172. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.86 and a current ratio of 6.51. M/I Homes, Inc. has a fifty-two week low of $65.42 and a fifty-two week high of $140.73. The stock’s 50-day simple moving average is $123.21 and its 200-day simple moving average is $116.54. The firm has a market capitalization of $3.37 billion, a PE ratio of 6.92 and a beta of 2.13.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, April 24th. The construction company reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.82. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. On average, sell-side analysts forecast that M/I Homes, Inc. will post 18.18 EPS 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.