M/I Homes, Inc. (NYSE:MHO) Shares Purchased by Millennium Management LLC

Millennium Management LLC grew its stake in M/I Homes, Inc. (NYSE:MHO) by 19.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,942 shares of the construction company’s stock after acquiring an additional 7,691 shares during the quarter. Millennium Management LLC’s holdings in M/I Homes were worth $5,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Signaturefd LLC boosted its holdings in M/I Homes by 42.8% during the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after acquiring an additional 71 shares during the period. Hollencrest Capital Management acquired a new position in M/I Homes during the first quarter worth approximately $68,000. CWM LLC increased its position in M/I Homes by 184.8% during the second 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. Fidelis Capital Partners LLC acquired a new position in M/I Homes during the first quarter worth approximately $86,000. Finally, EntryPoint Capital LLC increased its position in M/I Homes by 89.1% during the first quarter. EntryPoint Capital LLC now owns 692 shares of the construction company’s stock worth $94,000 after buying an additional 326 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Price Performance

MHO stock opened at $162.80 on Friday. The stock has a 50-day moving average price of $158.23 and a two-hundred day moving average price of $138.28. M/I Homes, Inc. has a 12-month low of $74.79 and a 12-month high of $173.86. 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 company has a market cap of $4.52 billion, a PE ratio of 9.35 and a beta of 2.23.

M/I Homes (NYSE:MHO) last issued its earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, topping the consensus estimate of $4.60 by $0.52. The company had revenue of $1.11 billion during 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 earned $4.12 earnings per share. As a group, research analysts predict that M/I Homes, Inc. will post 19.76 EPS for the current year.

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 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 in the company, valued at approximately $20,424,620.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Phillip G. Creek sold 2,767 shares of the firm’s 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 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert H. Schottenstein sold 2,089 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.12, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Raymond James boosted their target price on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd.

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.