Signaturefd LLC Acquires 117 Shares of M/I Homes, Inc. (NYSE:MHO)

Signaturefd LLC raised its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 49.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 354 shares of the construction company’s stock after acquiring an additional 117 shares during the period. Signaturefd LLC’s holdings in M/I Homes were worth $61,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in shares of M/I Homes in the 3rd quarter valued at $27,000. CWM LLC increased its position in shares of M/I Homes by 184.8% in the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after buying an additional 329 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of M/I Homes in the 1st quarter valued at $68,000. Quarry LP increased its position in shares of M/I Homes by 148.0% in the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after buying an additional 333 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of M/I Homes in the 1st quarter valued at $86,000. Institutional investors own 95.14% of the company’s stock.

Insider Activity

In other news, CEO Robert H. Schottenstein sold 2,089 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.12, for a total value of $347,024.68. Following the completion of the transaction, the chief executive officer now owns 122,951 shares in the company, valued at $20,424,620.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing 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 firm’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 completion of the transaction, the chief financial officer now owns 18,545 shares in the company, valued at $3,082,920.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $347,024.68. Following the completion of the transaction, the chief executive officer now owns 122,951 shares of the company’s stock, valued at $20,424,620.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

M/I Homes Price Performance

MHO stock opened at $153.55 on Wednesday. The stock has a 50-day moving average price of $163.08 and a two-hundred day moving average price of $141.94. The stock has a market cap of $4.26 billion, a PE ratio of 8.83 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. M/I Homes, Inc. has a 1 year low of $80.51 and a 1 year high of $176.18.

M/I Homes (NYSE:MHO) last released its 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 firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations 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 company earned $4.12 EPS. Equities analysts forecast that M/I Homes, Inc. will post 19.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MHO shares. Raymond James upped their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, October 18th.

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.