American Century Companies Inc. Has $135.28 Million Stock Position in M/I Homes, Inc. $MHO

American Century Companies Inc. lifted its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 10.9% during the third quarter, Holdings Channel.com reports. The firm owned 936,597 shares of the construction company’s stock after acquiring an additional 91,732 shares during the period. American Century Companies Inc.’s holdings in M/I Homes were worth $135,282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in M/I Homes by 73.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock worth $30,000 after buying an additional 87 shares during the period. WealthCollab LLC increased its holdings in shares of M/I Homes by 16.5% during the second quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock valued at $69,000 after acquiring an additional 87 shares in the last quarter. SkyOak Wealth LLC increased its holdings in shares of M/I Homes by 3.8% during the third quarter. SkyOak Wealth LLC now owns 2,445 shares of the construction company’s stock valued at $353,000 after acquiring an additional 90 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of M/I Homes by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,983 shares of the construction company’s stock worth $286,000 after purchasing an additional 93 shares during the period. Finally, Arizona State Retirement System raised its position in shares of M/I Homes by 1.4% during the third quarter. Arizona State Retirement System now owns 7,925 shares of the construction company’s stock worth $1,145,000 after purchasing an additional 112 shares during the period. 95.14% of the stock is owned by institutional investors.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $142.10 on Monday. The company has a market capitalization of $3.66 billion, a P/E ratio of 9.66 and a beta of 1.77. The company’s 50-day moving average is $136.45 and its 200 day moving average is $137.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.86 and a current ratio of 8.12. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $158.92.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $3.91 EPS for the quarter, topping the consensus estimate of $3.88 by $0.03. M/I Homes had a net margin of 9.12% and a return on equity of 14.50%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted $4.71 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities research analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

M/I Homes declared that its Board of Directors has authorized a stock buyback plan on Wednesday, November 12th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at M/I Homes

In other news, insider Susan E. Krohne sold 491 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total transaction of $72,078.80. Following the transaction, the insider owned 8,771 shares of the company’s stock, valued at $1,287,582.80. This represents a 5.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Phillip G. Creek sold 8,616 shares of M/I Homes stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $146.80, for a total value of $1,264,828.80. Following the completion of the sale, the chief financial officer directly owned 45,815 shares of the company’s stock, valued at approximately $6,725,642. This trade represents a 15.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,213 shares of company stock worth $7,115,268 over the last ninety days. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MHO shares. Zacks Research downgraded shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Oppenheimer set a $165.00 price objective on shares of M/I Homes in a research note on Friday, January 30th. Citizens Jmp assumed coverage on shares of M/I Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $165.00 price objective for the company. Citigroup reissued a “market outperform” rating on shares of M/I Homes in a research report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of M/I Homes in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

About M/I Homes

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.