Inspire Investing LLC Has $351,000 Position in M/I Homes, Inc. (NYSE:MHO)

Inspire Investing LLC lessened its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 47.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,870 shares of the construction company’s stock after selling 2,547 shares during the quarter. Inspire Investing LLC’s holdings in M/I Homes were worth $351,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MHO. Signaturefd LLC raised its holdings in shares of 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 acquiring an additional 71 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of M/I Homes by 28.2% in the fourth 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. Hollencrest Capital Management bought a new position in shares of M/I Homes in the first quarter valued at approximately $68,000. CWM LLC boosted its position in shares of M/I Homes by 184.8% during the second quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after buying an additional 329 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in M/I Homes during the first quarter worth $86,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Up 0.8 %

MHO stock opened at $170.96 on Tuesday. The stock has a market cap of $4.74 billion, a P/E ratio of 9.84 and a beta of 2.23. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $155.90 and its two-hundred day simple moving average is $134.81. M/I Homes, Inc. has a 1-year low of $74.79 and a 1-year 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 company had revenue of $1.11 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $4.12 earnings per share. Analysts expect that M/I Homes, Inc. will post 19.76 EPS for the current year.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MHO shares. Raymond James lifted their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 19th.

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.