M/I Homes, Inc. $MHO Shares Acquired by Denali Advisors LLC

Denali Advisors LLC lifted its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 320.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 55,239 shares of the construction company’s stock after purchasing an additional 42,108 shares during the period. Denali Advisors LLC’s holdings in M/I Homes were worth $7,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jones Financial Companies Lllp boosted its holdings in M/I Homes by 73.1% in the third quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock valued at $30,000 after purchasing an additional 87 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in M/I Homes by 90.6% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after purchasing an additional 135 shares in the last quarter. WealthCollab LLC boosted its holdings in M/I Homes by 16.5% in the second quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock valued at $69,000 after purchasing an additional 87 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in M/I Homes by 53.7% in the third quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock valued at $69,000 after purchasing an additional 166 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in M/I Homes in the third quarter valued at approximately $87,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Susan E. Krohne sold 491 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total value of $72,078.80. Following the completion of the sale, the insider directly owned 8,771 shares of the company’s stock, valued at approximately $1,287,582.80. This represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert H. Schottenstein sold 14,974 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $146.80, for a total value of $2,198,183.20. Following the sale, the chief executive officer owned 348,513 shares of the company’s stock, valued at $51,161,708.40. This trade represents a 4.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 44,213 shares of company stock valued at $6,443,868. 3.60% of the stock is currently owned by company insiders.

M/I Homes Price Performance

MHO stock opened at $131.74 on Friday. The company has a market capitalization of $3.37 billion, a P/E ratio of 9.92 and a beta of 1.65. M/I Homes, Inc. has a twelve month low of $103.52 and a twelve month high of $158.92. The business has a 50 day simple moving average of $128.58 and a 200-day simple moving average of $131.94. The company has a current ratio of 8.40, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.09). The firm had revenue of $920.71 million during the quarter, compared to analyst estimates of $1.18 billion. M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. M/I Homes’s revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.98 earnings per share. As a group, equities analysts anticipate that M/I Homes, Inc. will post 12.6 EPS for the current year.

Analyst Upgrades and Downgrades

MHO has been the subject of a number of research analyst reports. Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Zacks Research downgraded M/I Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of M/I Homes in a report on Thursday, January 22nd. Oppenheimer set a $165.00 price target on M/I Homes in a report on Friday, January 30th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of M/I Homes in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.67.

M/I Homes Profile

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.