GSA Capital Partners LLP Has $627,000 Stake in M/I Homes, Inc. $MHO

GSA Capital Partners LLP lowered its position in M/I Homes, Inc. (NYSE:MHO) by 46.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,340 shares of the construction company’s stock after selling 3,701 shares during the period. GSA Capital Partners LLP’s holdings in M/I Homes were worth $627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in M/I Homes by 46.3% in the first quarter. Royal Bank of Canada now owns 29,774 shares of the construction company’s stock worth $3,400,000 after acquiring an additional 9,422 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of M/I Homes by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,868 shares of the construction company’s stock valued at $1,812,000 after purchasing an additional 703 shares during the last quarter. United Services Automobile Association bought a new stake in M/I Homes in the first quarter worth $205,000. Strs Ohio acquired a new position in M/I Homes during the first quarter worth $114,000. Finally, CWM LLC increased its position in M/I Homes by 110.7% during the second quarter. CWM LLC now owns 2,706 shares of the construction company’s stock worth $303,000 after buying an additional 1,422 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Activity

In related news, insider Susan E. Krohne sold 5,000 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $134.28, for a total value of $671,400.00. Following the completion of the sale, the insider owned 6,167 shares in the company, valued at approximately $828,104.76. This trade represents a 44.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Phillip G. Creek sold 8,616 shares of M/I Homes stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $146.80, for a total value of $1,264,828.80. Following the sale, the chief financial officer directly owned 45,815 shares in the company, valued at approximately $6,725,642. This trade represents a 15.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 49,213 shares of company stock valued at $7,115,268. Insiders own 3.70% of the company’s stock.

M/I Homes Stock Up 1.5%

Shares of MHO stock opened at $143.66 on Monday. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $158.92. The company has a quick ratio of 1.86, a current ratio of 8.12 and a debt-to-equity ratio of 0.31. The firm has a market cap of $3.70 billion, a PE ratio of 9.77 and a beta of 1.77. The stock has a 50 day moving average of $135.57 and a 200-day moving average of $137.39.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, January 28th. The construction company reported $3.91 earnings per share (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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted $4.71 earnings per share. M/I Homes’s revenue was down 4.9% compared to the same quarter last year. On average, equities analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current year.

M/I Homes declared that its Board of Directors has approved a stock repurchase program on Wednesday, November 12th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to purchase up to 7.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

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