Massachusetts Financial Services Co. MA Has $658,000 Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Massachusetts Financial Services Co. MA boosted its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,384 shares of the construction company’s stock after purchasing an additional 369 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in M/I Homes were worth $658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC boosted its position in shares of M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after acquiring an additional 71 shares during the period. CWM LLC raised its stake 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 purchasing an additional 329 shares during the last quarter. Hollencrest Capital Management bought a new stake in M/I Homes in the 1st quarter valued at $68,000. Nomura Asset Management Co. Ltd. grew its position in M/I Homes by 28.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 500 shares of the construction company’s stock worth $69,000 after purchasing an additional 110 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in M/I Homes in the 1st quarter worth $86,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

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 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 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 legal filing with the SEC, which is available through this link. In related news, CEO Robert H. Schottenstein sold 2,089 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.12, for a total transaction of $347,024.68. Following the completion of the sale, the chief executive officer now owns 122,951 shares in the company, valued at approximately $20,424,620.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Phillip G. Creek sold 2,767 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.24, for a total transaction of $459,986.08. Following the completion of the transaction, the chief financial officer now owns 18,545 shares in the company, valued at $3,082,920.80. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Raymond James raised their price objective 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.

M/I Homes Trading Down 1.5 %

Shares of M/I Homes stock opened at $169.58 on Monday. M/I Homes, Inc. has a 52-week low of $74.79 and a 52-week high of $173.86. The firm has a market capitalization of $4.71 billion, a PE ratio of 9.76 and a beta of 2.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.62 and a quick ratio of 1.76. The company’s fifty day moving average price is $155.23 and its two-hundred day moving average price is $134.50.

M/I Homes (NYSE:MHO) last posted its earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.60 by $0.52. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $4.12 earnings per share. On average, analysts expect that M/I Homes, Inc. will post 19.76 EPS 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.