Hantz Financial Services Inc. Sells 161 Shares of M/I Homes, Inc. (NYSE:MHO)

Hantz Financial Services Inc. trimmed its stake in M/I Homes, Inc. (NYSE:MHO) by 3.8% during the 4th quarter, HoldingsChannel reports. The fund owned 4,089 shares of the construction company’s stock after selling 161 shares during the quarter. Hantz Financial Services Inc.’s holdings in M/I Homes were worth $544,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Hennessy Advisors Inc. bought a new position in M/I Homes in the 4th quarter worth about $43,674,000. Assenagon Asset Management S.A. lifted its stake in shares of M/I Homes by 260.3% in the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock worth $34,251,000 after buying an additional 144,406 shares in the last quarter. Vision Capital Corp purchased a new stake in shares of M/I Homes during the third quarter valued at approximately $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of M/I Homes by 129.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company’s stock valued at $21,342,000 after acquiring an additional 70,278 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in M/I Homes by 30.0% in the 3rd quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock worth $33,057,000 after acquiring an additional 44,559 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the completion of the sale, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.70% of the company’s stock.

M/I Homes Price Performance

Shares of MHO opened at $125.84 on Friday. The firm has a fifty day simple moving average of $143.40 and a two-hundred day simple moving average of $153.22. The firm has a market cap of $3.49 billion, a PE ratio of 6.38 and a beta of 2.29. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.56%. On average, equities analysts anticipate that M/I Homes, Inc. will post 20.42 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on MHO shares. StockNews.com lowered M/I Homes from a “buy” rating to a “hold” rating in a report on Friday. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $155.00 to $185.00 in a report on Monday, November 4th. Finally, Raymond James restated a “strong-buy” rating and set a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research note on Thursday.

About M/I Homes

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.