M/I Homes, Inc. (NYSE:MHO) Stock Position Raised by Factorial Partners LLC

Factorial Partners LLC lifted its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 47.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,800 shares of the construction company’s stock after purchasing an additional 900 shares during the period. Factorial Partners LLC’s holdings in M/I Homes were worth $342,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Signaturefd LLC increased its stake in M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after purchasing an additional 71 shares in the last quarter. Bay Rivers Group increased its position in shares of M/I Homes by 1.7% in the second quarter. Bay Rivers Group now owns 4,458 shares of the construction company’s stock worth $544,000 after acquiring an additional 75 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of M/I Homes by 7.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,245 shares of the construction company’s stock worth $171,000 after acquiring an additional 84 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of M/I Homes by 28.2% during the fourth 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 period. Finally, SummerHaven Investment Management LLC lifted its position in shares of M/I Homes by 1.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,393 shares of the construction company’s stock valued at $1,025,000 after acquiring an additional 123 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Stock Down 1.1 %

MHO stock opened at $153.84 on Wednesday. The company has a 50 day moving average of $148.45 and a two-hundred day moving average of $132.24. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 8.85 and a beta of 2.23. M/I Homes, Inc. has a 12-month low of $74.79 and a 12-month high of $173.86. 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 posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.60 by $0.52. The business 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 period in the prior year, the business posted $4.12 earnings per share. On average, equities analysts anticipate 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, CEO Robert H. Schottenstein sold 2,089 shares of the business’s stock in a transaction that occurred on 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 owns 122,951 shares of the company’s stock, valued at approximately $20,424,620.12. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, 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 sale, the chief executive officer now owns 122,951 shares of the company’s stock, valued at approximately $20,424,620.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 of the company’s stock, valued at $3,082,920.80. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

MHO has been the subject of several recent analyst reports. Raymond James raised their target price on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

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.