Valeo Financial Advisors LLC Invests $279,000 in M/I Homes, Inc. (NYSE:MHO)

Valeo Financial Advisors LLC purchased a new position in shares of M/I Homes, Inc. (NYSE:MHO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,630 shares of the construction company’s stock, valued at approximately $279,000.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC increased 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 purchasing an additional 71 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of M/I Homes during the 1st quarter worth $68,000. 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. Quarry LP boosted its holdings in shares of M/I Homes by 148.0% during the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after buying an additional 333 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of M/I Homes by 90.6% during the 3rd quarter. GAMMA Investing LLC now owns 606 shares of the construction company’s stock worth $104,000 after buying an additional 288 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

MHO has been the subject of several recent analyst reports. StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Raymond James upped 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.

Insider Buying and Selling at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 2,767 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $3,082,920.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Robert H. Schottenstein sold 2,089 shares of the firm’s 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 transaction, the chief executive officer now directly owns 122,951 shares of the company’s stock, valued at approximately $20,424,620.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Phillip G. Creek sold 2,767 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.24, for a total transaction of $459,986.08. Following the transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $3,082,920.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

M/I Homes Price Performance

Shares of M/I Homes stock opened at $169.64 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.62 and a quick ratio of 1.76. M/I Homes, Inc. has a fifty-two week low of $74.79 and a fifty-two week high of $173.86. The firm has a fifty day moving average price of $159.29 and a two-hundred day moving average price of $139.11. The company has a market cap of $4.71 billion, a PE ratio of 9.76 and a beta of 2.23.

M/I Homes (NYSE:MHO) last issued its quarterly 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. M/I Homes had a net margin of 12.67% and a return on equity of 20.50%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned $4.12 EPS. Analysts expect that M/I Homes, Inc. will post 19.76 EPS for the current year.

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.