Vontobel Holding Ltd. Invests $457,000 in M/I Homes, Inc. (NYSE:MHO)

Vontobel Holding Ltd. acquired a new stake in M/I Homes, Inc. (NYSE:MHO) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,665 shares of the construction company’s stock, valued at approximately $457,000.

Several other hedge funds have also added to or reduced their stakes in MHO. Vanguard Group Inc. lifted its holdings in shares of M/I Homes by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company’s stock worth $283,313,000 after purchasing an additional 95,437 shares during the period. DGS Capital Management LLC grew its position in shares of M/I Homes by 8.9% in the 1st quarter. DGS Capital Management LLC now owns 5,965 shares of the construction company’s stock valued at $813,000 after buying an additional 486 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of M/I Homes by 5.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,537 shares of the construction company’s stock worth $891,000 after acquiring an additional 325 shares during the last quarter. Nvest Financial LLC acquired a new position in shares of M/I Homes in the first quarter worth approximately $210,000. Finally, Principal Financial Group Inc. boosted its holdings in M/I Homes by 2.6% in the first quarter. Principal Financial Group Inc. now owns 156,137 shares of the construction company’s stock valued at $21,280,000 after acquiring an additional 3,908 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MHO has been the subject of several analyst reports. Raymond James raised 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. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Insider Activity

In related news, CEO Robert H. Schottenstein sold 2,089 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.12, for a total value of $347,024.68. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In other M/I Homes news, CFO Phillip G. Creek sold 2,767 shares of the company’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 transaction, the chief financial officer now owns 18,545 shares in the company, valued at approximately $3,082,920.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.12, for a total transaction of $347,024.68. Following the transaction, the chief executive officer now owns 122,951 shares of the company’s stock, valued at $20,424,620.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

M/I Homes Trading Down 5.4 %

Shares of MHO stock opened at $164.90 on Tuesday. M/I Homes, Inc. has a fifty-two week low of $74.79 and a fifty-two week 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 has a 50 day simple moving average of $161.63 and a two-hundred day simple moving average of $140.38. The company has a market cap of $4.58 billion, a P/E ratio of 9.49 and a beta of 2.23.

M/I Homes (NYSE:MHO) last released its earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, beating 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 net margin of 12.67% and a return on equity of 20.50%. During the same quarter in the previous year, the company earned $4.12 EPS. Research analysts forecast that M/I Homes, Inc. will post 19.76 earnings per share for the current 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.