5,697 Shares in M/I Homes, Inc. (NYSE:MHO) Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd bought a new position in M/I Homes, Inc. (NYSE:MHO) in the first quarter, HoldingsChannel reports. The institutional investor bought 5,697 shares of the construction company’s stock, valued at approximately $776,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC purchased a new stake in shares of M/I Homes during the fourth quarter valued at $27,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of M/I Homes in the fourth quarter worth approximately $29,000. USA Financial Formulas raised its holdings in shares of M/I Homes by 578.1% during the fourth quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock valued at $30,000 after purchasing an additional 185 shares during the last quarter. Hollencrest Capital Management bought a new position in M/I Homes during the first quarter valued at approximately $68,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in M/I Homes by 28.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 500 shares of the construction company’s stock worth $69,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other M/I Homes news, CEO Robert H. Schottenstein sold 19,200 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $122.00, for a total value of $2,342,400.00. Following the completion of the transaction, the chief executive officer now directly owns 122,951 shares in the company, valued at $15,000,022. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Susan E. Krohne sold 9,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the transaction, the insider now directly owns 3,609 shares of the company’s stock, valued at $440,298. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert H. Schottenstein sold 19,200 shares of M/I Homes stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $122.00, for a total value of $2,342,400.00. Following the completion of the sale, the chief executive officer now directly owns 122,951 shares in the company, valued at approximately $15,000,022. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Analyst Ratings Changes

MHO has been the topic of several research analyst reports. Raymond James initiated coverage on M/I Homes in a report on Wednesday. They set a “strong-buy” rating and a $200.00 price target on the stock. Wedbush reissued a “neutral” rating and issued a $130.00 target price (up previously from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th. Finally, StockNews.com upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th.

M/I Homes Stock Performance

Shares of M/I Homes stock traded up $4.74 on Thursday, hitting $157.90. 21,392 shares of the company’s stock were exchanged, compared to its average volume of 256,642. M/I Homes, Inc. has a 1 year low of $74.79 and a 1 year high of $160.49. The company has a 50-day simple moving average of $127.48 and a 200-day simple moving average of $125.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.99 and a current ratio of 6.91. The stock has a market capitalization of $4.38 billion, a PE ratio of 8.80 and a beta of 2.23.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 EPS for the quarter, topping the consensus estimate of $3.96 by $0.82. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. As a group, equities analysts anticipate that M/I Homes, Inc. will post 18.18 EPS for the current year.

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.