M/I Homes, Inc. (NYSE:MHO) Shares Sold by American International Group Inc.

American International Group Inc. lowered its holdings in M/I Homes, Inc. (NYSE:MHO) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,708 shares of the construction company’s stock after selling 123 shares during the quarter. American International Group Inc. owned 0.05% of M/I Homes worth $2,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of M/I Homes in the fourth quarter worth $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of M/I Homes in the fourth quarter worth $29,000. USA Financial Formulas increased its stake in shares of M/I Homes by 578.1% in the fourth quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock worth $30,000 after acquiring an additional 185 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in 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 worth $69,000 after buying an additional 110 shares in the last quarter. Finally, Strs Ohio boosted its holdings in M/I Homes by 300.0% during the fourth quarter. Strs Ohio now owns 1,200 shares of the construction company’s stock worth $165,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Performance

Shares of NYSE MHO opened at $120.12 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.99 and a current ratio of 6.91. The company has a market capitalization of $3.33 billion, a PE ratio of 6.91 and a beta of 2.20. M/I Homes, Inc. has a 1 year low of $74.79 and a 1 year high of $140.73. The company’s fifty day moving average price is $122.50 and its 200 day moving average price is $125.17.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.82. The business had revenue of $1.05 billion for 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, research analysts predict that M/I Homes, Inc. will post 18.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MHO. StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Wedbush reissued a “neutral” rating and set a $130.00 price target (up 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 M/I Homes news, insider Susan E. Krohne sold 9,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the transaction, the insider now directly owns 3,609 shares of the company’s stock, valued at $440,298. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other M/I Homes news, insider Susan E. Krohne sold 9,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the transaction, the insider now directly owns 3,609 shares of the company’s stock, valued at $440,298. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert H. Schottenstein sold 19,200 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $122.00, for a total transaction of $2,342,400.00. Following the transaction, the chief executive officer now directly owns 122,951 shares in the company, valued at $15,000,022. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

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.