Exchange Traded Concepts LLC Lowers Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Exchange Traded Concepts LLC cut its holdings in M/I Homes, Inc. (NYSE:MHO) by 37.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,243 shares of the construction company’s stock after selling 3,695 shares during the quarter. Exchange Traded Concepts LLC’s holdings in M/I Homes were worth $1,070,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in M/I Homes by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company’s stock worth $283,313,000 after acquiring an additional 95,437 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of M/I Homes by 137.1% during the first quarter. Los Angeles Capital Management LLC now owns 12,021 shares of the construction company’s stock worth $1,638,000 after purchasing an additional 6,950 shares in the last quarter. Congress Asset Management Co. MA raised its position in shares of M/I Homes by 0.5% during the 1st quarter. Congress Asset Management Co. MA now owns 47,256 shares of the construction company’s stock worth $6,441,000 after purchasing an additional 213 shares during the last quarter. DGS Capital Management LLC lifted its stake in M/I Homes by 8.9% in the 1st quarter. DGS Capital Management LLC now owns 5,965 shares of the construction company’s stock valued at $813,000 after buying an additional 486 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in M/I Homes by 5.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,537 shares of the construction company’s stock worth $891,000 after buying an additional 325 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Trading Up 3.1 %

MHO opened at $174.92 on Thursday. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 10.06 and a beta of 2.23. The company’s 50 day simple moving average is $159.98 and its two-hundred day simple moving average is $139.36. M/I Homes, Inc. has a 1-year low of $74.79 and a 1-year high of $176.18. 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 (NYSE:MHO) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, topping analysts’ consensus estimates of $4.60 by $0.52. The firm 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 last year, the business posted $4.12 earnings per share. Analysts expect that M/I Homes, Inc. will post 19.76 EPS for the current fiscal year.

Analyst Ratings Changes

MHO has been the topic of several research reports. StockNews.com upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Raymond James raised their price objective on M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd.

Insider Transactions at M/I Homes

In related news, CFO Phillip G. Creek sold 2,767 shares of the firm’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 directly owns 18,545 shares in the company, valued at approximately $3,082,920.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Phillip G. Creek sold 2,767 shares of the 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 sale, the chief financial officer now 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes stock in a transaction that occurred on Thursday, August 1st. The shares were 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

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.