M/I Homes, Inc. (NYSE:MHO) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,166 shares of the construction company’s stock after selling 2,428 shares during the period. Edgestream Partners L.P.’s holdings in M/I Homes were worth $3,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MHO. Signaturefd LLC increased its position in 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 buying an additional 71 shares in the last quarter. CWM LLC increased its position in M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after buying an additional 329 shares in the last quarter. Hollencrest Capital Management acquired a new position in M/I Homes during the 1st quarter valued at about $68,000. Nomura Asset Management Co. Ltd. increased its position in M/I Homes by 28.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 500 shares of the construction company’s stock valued at $69,000 after buying an additional 110 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in M/I Homes during the 1st quarter valued at about $86,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MHO. Raymond James upped their target price on 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. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 7th.

M/I Homes Stock Down 0.2 %

M/I Homes stock opened at $166.71 on Wednesday. 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 business’s 50-day simple moving average is $152.89 and its two-hundred day simple moving average is $133.57. The company has a market cap of $4.63 billion, a PE ratio of 9.59 and a beta of 2.23. M/I Homes, Inc. has a fifty-two week low of $74.79 and a fifty-two week high of $173.86.

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, beating the consensus estimate 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 return on equity of 20.50% and a net margin of 12.67%. During the same quarter in the previous year, the business earned $4.12 EPS. Equities analysts anticipate that M/I Homes, Inc. will post 19.76 EPS for the current year.

Insider Transactions at M/I Homes

In other news, CEO Robert H. Schottenstein sold 2,089 shares of the company’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 sale, the chief executive officer now owns 122,951 shares in the company, valued at $20,424,620.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Robert H. Schottenstein sold 2,089 shares of the company’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 sale, the chief executive officer now owns 122,951 shares in the company, valued at $20,424,620.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Phillip G. Creek sold 2,767 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.24, for a total value of $459,986.08. Following the completion of the sale, the chief financial officer now owns 18,545 shares in the company, valued at approximately $3,082,920.80. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

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.