2,328 Shares in M/I Homes, Inc. (NYSE:MHO) Purchased by US Asset Management LLC

US Asset Management LLC bought a new stake in M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 2,328 shares of the construction company’s stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MHO. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in M/I Homes by 25.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,577 shares of the construction company’s stock worth $637,000 after buying an additional 1,559 shares during the period. Strs Ohio boosted its holdings in M/I Homes by 200.0% in the third quarter. Strs Ohio now owns 300 shares of the construction company’s stock valued at $25,000 after purchasing an additional 200 shares during the period. TD Asset Management Inc grew its stake in M/I Homes by 38.8% during the 3rd quarter. TD Asset Management Inc now owns 21,100 shares of the construction company’s stock worth $1,773,000 after purchasing an additional 5,900 shares in the last quarter. Assetmark Inc. increased its holdings in M/I Homes by 4.6% during the 3rd quarter. Assetmark Inc. now owns 37,986 shares of the construction company’s stock worth $3,192,000 after purchasing an additional 1,656 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in M/I Homes by 354.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 56,654 shares of the construction company’s stock valued at $4,761,000 after purchasing an additional 44,177 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on MHO. StockNews.com upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th. Wedbush reissued a “neutral” rating and issued a $130.00 target price (up previously from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th.

Insider Buying and Selling at M/I Homes

In other news, insider Ann Marie Hunker sold 2,461 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the transaction, the insider now owns 2,342 shares of the company’s stock, valued at $300,970.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the transaction, the insider now owns 2,342 shares of the company’s stock, valued at approximately $300,970.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert H. Schottenstein sold 19,200 shares of M/I Homes stock in a transaction on Monday, April 29th. The shares were sold at an average price of $122.00, for a total value of $2,342,400.00. Following the completion of the sale, the chief executive officer now directly owns 122,951 shares of the company’s stock, valued at approximately $15,000,022. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,661 shares of company stock worth $3,756,663. Corporate insiders own 3.70% of the company’s stock.

M/I Homes Stock Performance

Shares of MHO traded up $0.90 during mid-day trading on Thursday, reaching $123.45. 158,229 shares of the company’s stock were exchanged, compared to its average volume of 270,031. The business’s fifty day simple moving average is $123.15 and its 200-day simple moving average is $118.68. M/I Homes, Inc. has a 52-week low of $67.51 and a 52-week high of $140.73. The stock has a market capitalization of $3.43 billion, a PE ratio of 7.10 and a beta of 2.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 1.99.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, April 24th. The construction company reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.82. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. On average, equities research analysts expect that M/I Homes, Inc. will post 18.18 earnings per share for the current year.

M/I Homes Company 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.