GAMMA Investing LLC Makes New $27,000 Investment in M/I Homes, Inc. (NYSE:MHO)

GAMMA Investing LLC purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 214 shares of the construction company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MHO. Strs Ohio grew its stake in M/I Homes by 200.0% during the third quarter. Strs Ohio now owns 300 shares of the construction company’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in M/I Homes in the 4th quarter valued at $29,000. Vanguard Personalized Indexing Management LLC grew its position in shares of M/I Homes by 9.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,669 shares of the construction company’s stock valued at $308,000 after purchasing an additional 302 shares in the last quarter. Diversified Trust Co increased its holdings in shares of M/I Homes by 2.6% in the fourth quarter. Diversified Trust Co now owns 14,219 shares of the construction company’s stock worth $1,959,000 after purchasing an additional 366 shares during the period. Finally, AlphaMark Advisors LLC increased its holdings in shares of M/I Homes by 13.7% in the fourth quarter. AlphaMark Advisors LLC now owns 3,043 shares of the construction company’s stock worth $419,000 after purchasing an additional 367 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at M/I Homes

In related news, insider Susan E. Krohne sold 9,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the transaction, the insider now directly owns 3,609 shares of the company’s stock, valued at approximately $440,298. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Susan E. Krohne sold 9,000 shares of the 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 transaction, the insider now owns 3,609 shares of the company’s stock, valued at approximately $440,298. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert H. Schottenstein sold 19,200 shares of M/I Homes stock in a transaction on Monday, April 29th. The stock was sold at an average price of $122.00, for a total transaction of $2,342,400.00. Following the completion of the transaction, the chief executive officer now owns 122,951 shares in the company, valued at approximately $15,000,022. The disclosure for this sale can be found here. In the last three months, insiders sold 30,661 shares of company stock worth $3,756,663. 3.70% of the stock is currently owned by corporate insiders.

M/I Homes Price Performance

MHO stock opened at $123.96 on Tuesday. The firm has a 50 day simple moving average of $123.20 and a two-hundred day simple moving average of $118.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 1.99. The stock has a market cap of $3.44 billion, a PE ratio of 7.13 and a beta of 2.16. M/I Homes, Inc. has a one year low of $66.74 and a one year high of $140.73.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, April 24th. The construction company reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.82. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. On average, analysts predict that M/I Homes, Inc. will post 18.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MHO has been the subject of several research analyst reports. StockNews.com raised M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th. Wedbush reiterated a “neutral” rating and set a $130.00 price target (up previously from $116.00) on shares of M/I Homes in a research report on Wednesday, April 24th.

About M/I Homes

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.