Janney Montgomery Scott LLC Has $614,000 Holdings in M/I Homes, Inc. (NYSE:MHO)

Janney Montgomery Scott LLC lessened its holdings in shares of M/I Homes, Inc. (NYSE:MHOFree Report) by 41.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,455 shares of the construction company’s stock after selling 3,218 shares during the quarter. Janney Montgomery Scott LLC’s holdings in M/I Homes were worth $614,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MHO. Westfield Capital Management Co. LP acquired a new stake in M/I Homes during the 3rd quarter worth $82,185,000. Pacer Advisors Inc. increased its holdings in M/I Homes by 49.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,070,909 shares of the construction company’s stock worth $147,507,000 after purchasing an additional 354,182 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in M/I Homes during the 4th quarter worth about $25,385,000. Comerica Bank bought a new position in M/I Homes during the 3rd quarter worth about $9,554,000. Finally, American Century Companies Inc. increased its holdings in M/I Homes by 27.0% during the 3rd quarter. American Century Companies Inc. now owns 480,872 shares of the construction company’s stock worth $40,412,000 after purchasing an additional 102,358 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity

In related news, CEO Robert H. Schottenstein sold 19,200 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 122,951 shares in the company, valued at approximately $15,000,022. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Ann Marie Hunker sold 2,461 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the sale, the insider now directly owns 2,342 shares in the company, valued at approximately $300,970.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert H. Schottenstein sold 19,200 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $122.00, for a total transaction of $2,342,400.00. Following the completion of the sale, the chief executive officer now owns 122,951 shares of the company’s stock, valued at $15,000,022. The disclosure for this sale can be found here. Insiders sold 30,661 shares of company stock worth $3,756,663 in the last quarter. Corporate insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MHO. StockNews.com upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Wedbush restated a “neutral” rating and issued a $130.00 price objective (up previously from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th.

Check Out Our Latest Stock Analysis on MHO

M/I Homes Price Performance

Shares of NYSE MHO opened at $124.92 on Monday. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 7.19 and a beta of 2.16. The business has a 50-day moving average of $123.00 and a 200-day moving average of $123.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 1.99. M/I Homes, Inc. has a fifty-two week low of $69.41 and a fifty-two week high of $140.73.

M/I Homes (NYSE:MHOGet Free Report) last announced 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. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations 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, sell-side analysts predict that M/I Homes, Inc. will post 18.18 earnings per share for the current fiscal year.

M/I Homes Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding MHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M/I Homes, Inc. (NYSE:MHOFree Report).

Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

Receive News & Ratings for M/I Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes and related companies with MarketBeat.com's FREE daily email newsletter.