Vanguard Personalized Indexing Management LLC Sells 100 Shares of M/I Homes, Inc. (NYSE:MHO)

Vanguard Personalized Indexing Management LLC trimmed its stake in M/I Homes, Inc. (NYSE:MHO) by 2.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,924 shares of the construction company’s stock after selling 100 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in M/I Homes were worth $479,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MHO. Signaturefd LLC increased 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 purchasing an additional 71 shares in the last quarter. CWM LLC raised its holdings in M/I Homes by 184.8% during the second quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after acquiring an additional 329 shares during the period. Hollencrest Capital Management bought a new stake in M/I Homes during the first quarter valued at about $68,000. Nomura Asset Management Co. Ltd. lifted its position in shares of M/I Homes by 28.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 500 shares of the construction company’s stock valued at $69,000 after acquiring an additional 110 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of M/I Homes in the first quarter worth about $86,000. 95.14% of the stock is owned by institutional investors.

M/I Homes Price Performance

MHO stock opened at $170.09 on Friday. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 12 month low of $74.79 and a 12 month high of $173.86. The stock has a market cap of $4.72 billion, a PE ratio of 9.79 and a beta of 2.23. The company has a 50-day moving average price of $156.85 and a 200 day moving average price of $135.49.

M/I Homes (NYSE:MHO) last issued its earnings results on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned $4.12 EPS. Equities research analysts anticipate that M/I Homes, Inc. will post 19.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MHO shares. StockNews.com lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 19th. Raymond James lifted their price target on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd.

Insiders Place Their Bets

In related news, CEO Robert H. Schottenstein sold 2,089 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $166.12, for a total value 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 $20,424,620.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other M/I Homes news, CFO Phillip G. Creek sold 2,767 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.24, for a total value of $459,986.08. Following the completion of the sale, the chief financial officer now directly owns 18,545 shares in the company, valued at $3,082,920.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 sale, the chief executive officer now directly owns 122,951 shares in the company, valued at $20,424,620.12. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

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.