Xponance Inc. Buys New Position in M/I Homes, Inc. (NYSE:MHO)

Xponance Inc. bought a new stake in M/I Homes, Inc. (NYSE:MHO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,643 shares of the construction company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Avior Wealth Management LLC grew its position in M/I Homes by 22.1% in the 4th quarter. Avior Wealth Management LLC now owns 4,962 shares of the construction company’s stock valued at $683,000 after buying an additional 897 shares in the last quarter. Voss Capital LLC bought a new position in M/I Homes in the 4th quarter valued at about $3,444,000. Strs Ohio grew its position in M/I Homes by 300.0% in the 4th quarter. Strs Ohio now owns 1,200 shares of the construction company’s stock valued at $165,000 after buying an additional 900 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in M/I Homes in the 4th quarter valued at about $1,915,000. Finally, Nisa Investment Advisors LLC grew its position in M/I Homes by 26.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,388 shares of the construction company’s stock valued at $329,000 after buying an additional 500 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Performance

NYSE:MHO opened at $120.07 on Friday. M/I Homes, Inc. has a twelve month low of $64.28 and a twelve month high of $140.73. The company has a current ratio of 6.51, a quick ratio of 1.68 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $123.21 and a 200-day moving average of $116.31. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 6.91 and a beta of 2.13.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.82. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Analysts forecast that M/I Homes, Inc. will post 16.35 earnings per share for the current fiscal year.

Insider Buying and Selling at M/I Homes

In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the sale, the insider now directly owns 2,342 shares of the company’s stock, valued at $300,970.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MHO. StockNews.com upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday. Wedbush restated a “neutral” rating and set a $130.00 price objective (up previously from $116.00) on shares of M/I Homes in a research report on Wednesday.

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.