M/I Homes, Inc. (NYSE:MHO) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in shares of M/I Homes, Inc. (NYSE:MHOFree Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,966 shares of the construction company’s stock after selling 167 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of M/I Homes worth $2,312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of M/I Homes by 4.9% during 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 during the period. Westfield Capital Management Co. LP raised its holdings in shares of M/I Homes by 21.1% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,184,431 shares of the construction company’s stock worth $163,144,000 after acquiring an additional 206,509 shares during the period. Pacer Advisors Inc. raised its holdings in shares of 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 acquiring an additional 354,182 shares during the period. American Century Companies Inc. raised its holdings in shares of 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 acquiring an additional 102,358 shares during the period. Finally, Basswood Capital Management L.L.C. raised its holdings in shares of M/I Homes by 6.8% during the 4th quarter. Basswood Capital Management L.L.C. now owns 259,349 shares of the construction company’s stock worth $35,723,000 after acquiring an additional 16,608 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wedbush reaffirmed a “neutral” rating and issued a $130.00 target price (up previously from $116.00) on shares of M/I Homes in a research report on Wednesday, April 24th. StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th.

Get Our Latest Analysis on M/I Homes

Insider Transactions at M/I Homes

In other news, CEO Robert H. Schottenstein sold 19,200 shares of the 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 sale, the chief executive officer now owns 122,951 shares of the company’s stock, valued at $15,000,022. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Susan E. Krohne sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $122.00, for a total value of $1,098,000.00. Following the sale, the insider now owns 3,609 shares of the company’s stock, valued at $440,298. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert H. Schottenstein sold 19,200 shares of the firm’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 transaction 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. Corporate insiders own 3.70% of the company’s stock.

M/I Homes Trading Down 1.9 %

NYSE MHO opened at $116.02 on Friday. The firm’s 50-day moving average is $122.90 and its two-hundred day moving average is $125.05. M/I Homes, Inc. has a 12 month low of $74.79 and a 12 month high of $140.73. 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 capitalization of $3.22 billion, a P/E ratio of 6.68 and a beta of 2.23.

M/I Homes (NYSE:MHOGet Free Report) last posted 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. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. On average, sell-side analysts anticipate that M/I Homes, Inc. will post 18.18 earnings per share for the current year.

M/I Homes Company 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.

See Also

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

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