AlphaMark Advisors LLC Purchases New Position in M/I Homes, Inc. (NYSE:MHO)

by · The Cerbat Gem

AlphaMark Advisors LLC acquired a new stake in shares of M/I Homes, Inc. (NYSE:MHO – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,248 shares of the construction company’s stock, valued at approximately $385,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC raised its holdings in shares of M/I Homes by 42.8% during 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 in the last quarter. Hollencrest Capital Management acquired a new stake in shares of M/I Homes in the first quarter worth about $68,000. CWM LLC boosted 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 in the last quarter. Quarry LP increased its holdings in shares of M/I Homes by 148.0% during the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after acquiring an additional 333 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of M/I Homes by 90.6% in the 3rd quarter. GAMMA Investing LLC now owns 606 shares of the construction company’s stock valued at $104,000 after acquiring an additional 288 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at M/I Homes

In related news, CFO Phillip G. Creek sold 2,767 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $3,082,920.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Phillip G. Creek sold 2,767 shares of M/I Homes 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 directly owns 18,545 shares of the company’s stock, valued at $3,082,920.80. 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, CEO Robert H. Schottenstein sold 2,089 shares of the stock in a transaction dated 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 directly owns 122,951 shares in the company, 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. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on MHO shares. Raymond James increased their price target on M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Check Out Our Latest Stock Report on M/I Homes

M/I Homes Trading Down 1.8 %

Shares of MHO stock opened at $171.82 on Friday. The company has a quick ratio of 1.76, a current ratio of 6.62 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $4.77 billion, a P/E ratio of 9.89 and a beta of 2.23. M/I Homes, Inc. has a 12-month low of $74.79 and a 12-month high of $176.18. The firm has a 50-day moving average price of $160.57 and a 200 day moving average price of $139.59.

M/I Homes (NYSE:MHO – Get Free Report) last announced its earnings results on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, topping 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 business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $4.12 EPS. Research analysts forecast that M/I Homes, Inc. will post 19.76 earnings per share for the current fiscal year.

About M/I Homes

(Free Report)

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.

See Also

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