M/I Homes, Inc. (NYSE:MHO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 91.6% in the third quarter, HoldingsChannel reports. The firm owned 1,413 shares of the construction company’s stock after selling 15,506 shares during the quarter. SG Americas Securities LLC’s holdings in M/I Homes were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its position in M/I Homes by 42.8% during the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after acquiring an additional 71 shares during the period. CWM LLC boosted 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 acquiring an additional 329 shares during the period. Hollencrest Capital Management acquired a new position in M/I Homes during the 1st quarter worth $68,000. Quarry LP boosted its position in M/I Homes by 148.0% during the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after acquiring an additional 333 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in M/I Homes during the 1st quarter worth $86,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday. Raymond James boosted their price objective 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.

Insider Transactions at M/I Homes

In other news, CEO Robert H. Schottenstein sold 2,089 shares of the business’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Robert H. Schottenstein sold 2,089 shares of the business’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Phillip G. Creek sold 2,767 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.24, for a total value of $459,986.08. Following the sale, the chief financial officer now directly owns 18,545 shares in the company, valued at $3,082,920.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

M/I Homes Stock Down 5.4 %

MHO opened at $164.90 on Tuesday. M/I Homes, Inc. has a one year low of $74.79 and a one year high of $176.18. 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’s fifty day moving average is $161.63 and its 200-day moving average is $140.38. The company has a market capitalization of $4.58 billion, a PE ratio of 9.49 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 EPS for the quarter, topping analysts’ consensus estimates of $4.60 by $0.52. The company 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 previous year, the business earned $4.12 EPS. On average, equities analysts predict that M/I Homes, Inc. will post 19.76 EPS 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.