2,930 Shares in M/I Homes, Inc. (NYSE:MHO) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in M/I Homes, Inc. (NYSE:MHO) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,930 shares of the construction company’s stock, valued at approximately $358,000.

A number of other large investors have also recently added to or reduced their stakes in MHO. Signaturefd LLC boosted its stake in shares of M/I Homes by 42.8% during 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 period. CWM LLC boosted its holdings in shares of M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after buying an additional 329 shares during the period. Hollencrest Capital Management acquired a new position in M/I Homes in the 1st quarter valued at about $68,000. Nomura Asset Management Co. Ltd. raised its holdings 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 valued at $69,000 after acquiring an additional 110 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new stake in M/I Homes during the first quarter worth approximately $86,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Performance

Shares of NYSE:MHO opened at $164.51 on Friday. M/I Homes, Inc. has a 12-month low of $74.79 and a 12-month high of $173.86. The company’s 50 day moving average price is $156.51 and its two-hundred day moving average price is $135.29. The firm has a market cap of $4.57 billion, a PE ratio of 9.47 and a beta of 2.23. The company has a quick ratio of 1.76, a current ratio of 6.62 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the business posted $4.12 earnings per share. Equities research analysts predict that M/I Homes, Inc. will post 19.76 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Phillip G. Creek sold 2,767 shares of the company’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 sale, the chief financial officer now owns 18,545 shares of the company’s stock, valued at $3,082,920.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Phillip G. Creek sold 2,767 shares of the business’s 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert H. Schottenstein sold 2,089 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.12, for a total transaction of $347,024.68. Following the sale, the chief executive officer now directly 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. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MHO has been the subject of several research reports. Raymond James lifted their price target on 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 cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 19th.

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.