Louisiana State Employees Retirement System Has $2.28 Million Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Louisiana State Employees Retirement System decreased its position in M/I Homes, Inc. (NYSE:MHO) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,300 shares of the construction company’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in M/I Homes were worth $2,279,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in M/I Homes in the 3rd quarter valued at approximately $27,000. Signaturefd LLC raised its holdings in shares of M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after buying an additional 71 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of M/I Homes in the 1st quarter worth approximately $68,000. CWM LLC raised its holdings in shares of M/I Homes by 184.8% in the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after buying an additional 329 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of M/I Homes by 148.0% in the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after buying an additional 333 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MHO shares. Raymond James increased their target price on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, October 18th.

M/I Homes Stock Down 4.2 %

Shares of NYSE MHO opened at $153.55 on Wednesday. M/I Homes, Inc. has a 12-month low of $80.51 and a 12-month high of $176.18. The firm’s 50-day simple moving average is $163.08 and its 200 day simple moving average is $141.94. The company has a quick ratio of 1.76, a current ratio of 6.62 and a debt-to-equity ratio of 0.33. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 8.83 and a beta of 2.23.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, beating the consensus estimate of $4.60 by $0.52. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $4.12 EPS. On average, research analysts expect that M/I Homes, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Transactions at M/I Homes

In other news, CFO Phillip G. Creek sold 2,767 shares of M/I Homes stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $166.24, for a total transaction of $459,986.08. Following the completion of the sale, the chief financial officer now owns 18,545 shares in the company, valued at $3,082,920.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Phillip G. Creek sold 2,767 shares of M/I Homes stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $166.24, for a total transaction of $459,986.08. Following the completion of the sale, the chief financial officer now owns 18,545 shares in the company, valued at $3,082,920.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.12, for a total transaction of $347,024.68. Following the sale, 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 position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

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.