Quest Partners LLC Purchases 3,389 Shares of M/I Homes, Inc. (NYSE:MHO)

Quest Partners LLC boosted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 121.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,181 shares of the construction company’s stock after purchasing an additional 3,389 shares during the period. Quest Partners LLC’s holdings in M/I Homes were worth $755,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. 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 valued at $29,000 after buying an additional 71 shares during the period. CWM LLC lifted its stake in shares of 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 last quarter. Hollencrest Capital Management purchased a new position in M/I Homes during the 1st quarter valued at $68,000. Nomura Asset Management Co. Ltd. grew its position in M/I Homes by 28.2% in the 4th 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 during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in M/I Homes in the first quarter worth $86,000. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 7th. Raymond James boosted their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd.

M/I Homes Trading Down 0.2 %

Shares of NYSE MHO opened at $153.52 on Thursday. M/I Homes, Inc. has a twelve month low of $74.79 and a twelve month high of $173.86. The firm has a market cap of $4.26 billion, a PE ratio of 8.83 and a beta of 2.23. The business has a fifty day simple moving average of $149.15 and a two-hundred day simple moving average of $132.38. The company has a quick ratio of 1.76, a current ratio of 6.62 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, beating the consensus estimate of $4.60 by $0.52. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted $4.12 earnings per share. Analysts expect that M/I Homes, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Transactions at M/I Homes

In related news, CFO Phillip G. Creek sold 2,767 shares of M/I Homes 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 of the company’s stock, valued at $3,082,920.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 stock was sold at an average price of $166.24, for a total transaction of $459,986.08. Following the completion of 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. Also, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes 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 completion of the transaction, the chief executive officer now owns 122,951 shares in the company, valued at $20,424,620.12. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

M/I Homes 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.