AlphaQuest LLC Sells 6,334 Shares of M/I Homes, Inc. $MHO

AlphaQuest LLC trimmed its position in shares of M/I Homes, Inc. (NYSE:MHO) by 92.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 537 shares of the construction company’s stock after selling 6,334 shares during the quarter. AlphaQuest LLC’s holdings in M/I Homes were worth $78,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Donald Smith & CO. Inc. lifted its stake in shares of M/I Homes by 9.8% in the second quarter. Donald Smith & CO. Inc. now owns 1,408,390 shares of the construction company’s stock valued at $157,909,000 after buying an additional 125,423 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of M/I Homes by 10.7% in the 2nd quarter. American Century Companies Inc. now owns 844,865 shares of the construction company’s stock worth $94,726,000 after acquiring an additional 81,838 shares during the last quarter. Franklin Resources Inc. lifted its position in M/I Homes by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 572,975 shares of the construction company’s stock valued at $64,242,000 after acquiring an additional 2,021 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in M/I Homes by 5.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 228,931 shares of the construction company’s stock valued at $25,668,000 after purchasing an additional 10,898 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in M/I Homes by 34.0% during the 2nd quarter. Bank of America Corp DE now owns 170,662 shares of the construction company’s stock worth $19,135,000 after purchasing an additional 43,261 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, insider Susan E. Krohne sold 491 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $146.80, for a total value of $72,078.80. Following the sale, the insider directly owned 8,771 shares in the company, valued at approximately $1,287,582.80. The trade was a 5.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert H. Schottenstein sold 14,974 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $146.80, for a total transaction of $2,198,183.20. Following the sale, the chief executive officer directly owned 348,513 shares in the company, valued at approximately $51,161,708.40. This trade represents a 4.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 49,213 shares of company stock valued at $7,115,268. 3.50% of the stock is owned by insiders.

M/I Homes News Summary

Here are the key news stories impacting M/I Homes this week:

• Positive Sentiment: Board-authorized $250M share repurchase program (authorizes repurchases of ~7.4% of outstanding stock) which can lift EPS and signals board confidence. MarketBeat MHO page
• Positive Sentiment: Large institutional investors have recently added to positions (examples cited include Donald Smith, Invesco and others), providing demand/support beneath the shares. Institutional holdings summary
• Positive Sentiment: Technical picture is constructive — stock is trading above its 50‑ and 200‑day moving averages, which can attract momentum and quant buyers. MarketBeat technicals
• Neutral Sentiment: Latest quarter: EPS marginally beat ($3.91 vs. $3.88) but revenue fell ~4.9% YoY and EPS declined vs. prior year — mixed fundamentals that may cap upside until revenue stabilizes. Earnings summary
• Neutral Sentiment: Analyst coverage is mixed (targets in the $155–$165 range from some firms, but at least one downgrade to “strong sell”), so analyst action could add volatility. Analyst notes
• Negative Sentiment: Concentrated insider selling this week: CEO Robert H. Schottenstein sold large blocks (filed sales of 20,000 shares and ~14,974 shares on Feb. 10–12), which some investors view as a negative signal even if sales fund diversification. SEC filings: CEO Form 4 (20,000) and CEO Form 4 (14,974)
• Negative Sentiment: CFO Phillip G. Creek sold 8,616 shares (filed Feb. 12); other insiders also trimmed stakes in small blocks — filings can be read here and in InsiderTrades coverage. SEC filing: CFO Form 4 — additional coverage: InsiderTrades article

M/I Homes Stock Up 1.9%

M/I Homes stock opened at $149.66 on Friday. The firm has a 50 day moving average price of $134.36 and a 200-day moving average price of $136.60. The company has a quick ratio of 1.72, a current ratio of 7.54 and a debt-to-equity ratio of 0.31. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $158.92. The company has a market capitalization of $3.91 billion, a P/E ratio of 10.17 and a beta of 1.77.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.03. M/I Homes had a net margin of 9.12% and a return on equity of 14.50%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $4.71 EPS. M/I Homes’s revenue was down 4.9% on a year-over-year basis. As a group, equities analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current year.

M/I Homes announced that its board has initiated a stock repurchase program on Wednesday, November 12th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 7.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MHO. Citigroup restated a “market outperform” rating on shares of M/I Homes in a report on Friday, January 30th. Weiss Ratings restated a “hold (c+)” rating on shares of M/I Homes in a research note on Thursday, January 22nd. Citizens Jmp initiated coverage on shares of M/I Homes in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $165.00 target price for the company. Oppenheimer set a $165.00 price target on shares of M/I Homes in a research report on Friday, January 30th. Finally, Zacks Research cut shares of M/I Homes from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, M/I Homes presently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

About M/I Homes

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.