3,912 Shares in M/I Homes, Inc. $MHO Purchased by PEAK6 LLC

PEAK6 LLC acquired a new position in shares of M/I Homes, Inc. (NYSE:MHO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,912 shares of the construction company’s stock, valued at approximately $629,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Hilton Head Capital Partners LLC purchased a new stake in shares of M/I Homes in the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its position in M/I Homes by 90.6% during 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. Langley Wealth Management LLC purchased a new position in M/I Homes during the second quarter valued at approximately $45,000. Aster Capital Management DIFC Ltd purchased a new position in M/I Homes during the fourth quarter valued at approximately $49,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in M/I Homes by 1,090.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock valued at $64,000 after buying an additional 458 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $149.56, for a total value of $2,991,200.00. Following the completion of the sale, the chief financial officer owned 30,918 shares of the company’s stock, valued at approximately $4,624,096.08. The trade was a 39.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.60% of the company’s stock.

M/I Homes Trading Down 0.1%

NYSE:MHO opened at $152.29 on Monday. The company has a market capitalization of $3.85 billion, a P/E ratio of 12.82 and a beta of 1.60. The stock’s 50 day moving average price is $150.75 and its 200 day moving average price is $138.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.69 and a current ratio of 7.65. M/I Homes, Inc. has a 52 week low of $116.78 and a 52 week high of $163.66.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, July 29th. The construction company reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.01. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. M/I Homes had a net margin of 7.44% and a return on equity of 11.53%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.42 earnings per share. On average, research analysts forecast that M/I Homes, Inc. will post 12.62 EPS for the current fiscal year.

Analyst Ratings Changes

MHO has been the subject of a number of research analyst reports. Zelman & Associates downgraded shares of M/I Homes from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 7th. Weiss Ratings restated a “hold (c)” rating on shares of M/I Homes in a report on Wednesday, August 12th. Freedom Capital raised shares of M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. New Street Research set a $172.00 price objective on M/I Homes in a report on Tuesday, August 4th. Finally, Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

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.