ProShare Advisors LLC Has $509,000 Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

ProShare Advisors LLC reduced its holdings in M/I Homes, Inc. (NYSE:MHO) by 23.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,165 shares of the construction company’s stock after selling 1,288 shares during the quarter. ProShare Advisors LLC’s holdings in M/I Homes were worth $509,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Corient Private Wealth LLC bought a new stake in shares of M/I Homes in the fourth quarter worth $602,000. Nomura Asset Management Co. Ltd. grew its position in shares of 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 buying an additional 110 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of M/I Homes by 121.3% in the 4th quarter. Hsbc Holdings PLC now owns 7,397 shares of the construction company’s stock valued at $1,024,000 after buying an additional 4,055 shares during the last quarter. TD Asset Management Inc increased its position in M/I Homes by 7.6% during the 4th quarter. TD Asset Management Inc now owns 22,700 shares of the construction company’s stock valued at $3,127,000 after purchasing an additional 1,600 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in M/I Homes by 25.5% during the 4th quarter. Allianz Asset Management GmbH now owns 43,468 shares of the construction company’s stock worth $5,987,000 after purchasing an additional 8,842 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MHO. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 19th. Raymond James increased 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.

Insider Buying and Selling at M/I Homes

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

M/I Homes Trading Up 0.7 %

MHO opened at $171.28 on Tuesday. 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 market capitalization of $4.75 billion, a PE ratio of 9.85 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 50-day moving average is $157.29 and its 200 day moving average is $135.89.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, topping the consensus estimate of $4.60 by $0.52. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. 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 business posted $4.12 earnings per share. As a group, research analysts predict that M/I Homes, Inc. will post 19.76 earnings per share for the current fiscal year.

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.