Los Angeles Capital Management LLC Sells 1,790 Shares of M/I Homes, Inc. (NYSE:MHO)

Los Angeles Capital Management LLC lowered its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 14.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,231 shares of the construction company’s stock after selling 1,790 shares during the quarter. Los Angeles Capital Management LLC’s holdings in M/I Homes were worth $1,250,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MHO. Signaturefd LLC lifted its stake in shares of M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after buying an additional 71 shares during the last quarter. CWM LLC raised its holdings in 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 acquiring an additional 329 shares during the period. Hollencrest Capital Management bought a new position in M/I Homes in the 1st quarter worth $68,000. Nomura Asset Management Co. Ltd. lifted its position in M/I Homes by 28.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 500 shares of the construction company’s stock worth $69,000 after acquiring an additional 110 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in M/I Homes during the first quarter valued at about $86,000. Institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling 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 stock was sold at an average price of $166.24, for a total transaction of $459,986.08. Following the sale, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $3,082,920.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Phillip G. Creek sold 2,767 shares of the 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 owns 18,545 shares in the company, valued at approximately $3,082,920.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert H. Schottenstein sold 2,089 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.12, for a total transaction of $347,024.68. Following the transaction, the chief executive officer now directly owns 122,951 shares of the company’s stock, valued at $20,424,620.12. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MHO shares. StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 7th. Raymond James lifted their price target on 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.

M/I Homes Price Performance

NYSE:MHO opened at $153.52 on Thursday. 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 one year low of $74.79 and a one year high of $173.86. The company has a fifty day moving average price of $149.15 and a 200 day moving average price of $132.38. The stock has a market cap of $4.26 billion, a P/E 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 (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.52. M/I Homes had a net margin of 12.67% and a return on equity of 20.50%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm posted $4.12 EPS. Analysts anticipate that M/I Homes, Inc. will post 19.76 earnings per share for the current year.

M/I Homes Company 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.