Creative Planning Acquires 1,244 Shares of M/I Homes, Inc. (NYSE:MHO)

Creative Planning lifted its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 42.7% during the second quarter, Holdings Channel.com reports. The firm owned 4,159 shares of the construction company’s stock after buying an additional 1,244 shares during the period. Creative Planning’s holdings in M/I Homes were worth $508,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Signaturefd LLC boosted its position in shares of M/I Homes by 42.8% during 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 period. CWM LLC raised its position in M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after purchasing an additional 329 shares during the last quarter. Hollencrest Capital Management bought a new position in M/I Homes during the 1st quarter worth $68,000. Fidelis Capital Partners LLC bought a new position in shares of M/I Homes in the 1st quarter worth about $86,000. Finally, EntryPoint Capital LLC raised its position in shares of M/I Homes by 89.1% in the 1st quarter. EntryPoint Capital LLC now owns 692 shares of the construction company’s stock worth $94,000 after acquiring an additional 326 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MHO has been the subject of a number of analyst reports. StockNews.com upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Raymond James upped their price target on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd.

Insider Activity

In other M/I Homes news, 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 value of $347,024.68. Following the sale, the chief executive officer now owns 122,951 shares in the company, valued at $20,424,620.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed 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 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 transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $3,082,920.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert H. Schottenstein sold 2,089 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $20,424,620.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

M/I Homes Stock Performance

M/I Homes stock opened at $167.46 on Tuesday. The stock’s 50 day simple moving average is $158.83 and its two-hundred day simple moving average is $138.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 6.62. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 9.64 and a beta of 2.23. M/I Homes, Inc. has a fifty-two week low of $74.79 and a fifty-two week high of $173.86.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 earnings per share 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 company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business earned $4.12 EPS. As a group, analysts expect that M/I Homes, Inc. will post 19.76 earnings per share for the current fiscal year.

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.