V Square Quantitative Management LLC Invests $27,000 in M/I Homes, Inc. (NYSE:MHO)

V Square Quantitative Management LLC acquired a new position in M/I Homes, Inc. (NYSE:MHO) during the third quarter, HoldingsChannel.com reports. The fund acquired 155 shares of the construction company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of M/I Homes by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock worth $285,719,000 after buying an additional 39,542 shares during the last quarter. Westfield Capital Management Co. LP grew its position in M/I Homes by 3.0% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,219,989 shares of the construction company’s stock worth $166,272,000 after purchasing an additional 35,558 shares during the last quarter. American Century Companies Inc. grew its position in M/I Homes by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after purchasing an additional 50,330 shares during the last quarter. Bank of New York Mellon Corp grew its position in M/I Homes by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company’s stock worth $32,046,000 after purchasing an additional 13,782 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in M/I Homes by 5.7% during the 1st quarter. Bridgeway Capital Management LLC now owns 191,623 shares of the construction company’s stock worth $26,116,000 after purchasing an additional 10,375 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Down 5.4 %

MHO stock opened at $164.90 on Tuesday. The firm’s fifty day simple moving average is $161.63 and its 200-day simple moving average is $140.38. The company has a market capitalization of $4.58 billion, a P/E ratio of 9.49 and a beta of 2.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.62 and a quick ratio of 1.76. M/I Homes, Inc. has a 12 month low of $74.79 and a 12 month high of $176.18.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, beating the consensus estimate of $4.60 by $0.52. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. M/I Homes had a net margin of 12.67% and a return on equity of 20.50%. During the same period in the prior year, the firm earned $4.12 EPS. As a group, equities research analysts forecast that M/I Homes, Inc. will post 19.76 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on MHO. Raymond James boosted their target price on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday.

Insider Activity

In related news, CFO Phillip G. Creek sold 2,767 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.24, for a total value of $459,986.08. Following the completion of the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $3,082,920.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Phillip G. Creek sold 2,767 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.24, for a total value of $459,986.08. Following the completion of the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $3,082,920.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert H. Schottenstein sold 2,089 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.12, for a total transaction of $347,024.68. Following the completion of the transaction, the chief executive officer now owns 122,951 shares of the company’s stock, valued at approximately $20,424,620.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

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.