M/I Homes, Inc. (NYSE:MHO) Shares Purchased by Xponance Inc.

Xponance Inc. increased its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 4.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,718 shares of the construction company’s stock after purchasing an additional 80 shares during the period. Xponance Inc.’s holdings in M/I Homes were worth $210,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC raised its position 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 valued at $29,000 after purchasing an additional 71 shares during the last quarter. Bay Rivers Group increased its stake in M/I Homes by 1.7% during the 2nd quarter. Bay Rivers Group now owns 4,458 shares of the construction company’s stock valued at $544,000 after purchasing an additional 75 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of M/I Homes by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 8,393 shares of the construction company’s stock worth $1,025,000 after buying an additional 123 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in shares of M/I Homes by 1.5% during the second quarter. Belpointe Asset Management LLC now owns 8,506 shares of the construction company’s stock worth $1,039,000 after buying an additional 124 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of M/I Homes by 1.7% during the second quarter. Arizona State Retirement System now owns 7,785 shares of the construction company’s stock valued at $951,000 after buying an additional 132 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Phillip G. Creek sold 2,767 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now 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 can be accessed through this link. In other news, CEO Robert H. Schottenstein sold 2,089 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 122,951 shares of the company’s stock, valued at approximately $20,424,620.12. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Phillip G. Creek sold 2,767 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at $3,082,920.80. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

M/I Homes Trading Down 3.1 %

Shares of M/I Homes stock opened at $167.05 on Thursday. M/I Homes, Inc. has a 1 year low of $74.79 and a 1 year high of $173.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.62 and a quick ratio of 1.76. The stock has a market cap of $4.64 billion, a PE ratio of 9.61 and a beta of 2.23. The firm has a fifty day moving average price of $158.29 and a 200 day moving average price of $136.80.

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. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. During the same quarter in the prior year, the business earned $4.12 earnings per share. Equities research analysts predict that M/I Homes, Inc. will post 19.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MHO has been the subject of a number of research analyst reports. Raymond James raised their target price on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 19th.

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.