Semanteon Capital Management LP Takes Position in M/I Homes, Inc. (NYSE:MHO)

Semanteon Capital Management LP purchased a new position in shares of M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,482 shares of the construction company’s stock, valued at approximately $342,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of M/I Homes by 2.3% during the third quarter. Vanguard Group Inc. now owns 1,961,428 shares of the construction company’s stock valued at $164,838,000 after acquiring an additional 43,417 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in M/I Homes by 49.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,070,909 shares of the construction company’s stock valued at $147,507,000 after purchasing an additional 354,182 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in M/I Homes during the 3rd quarter worth $82,185,000. American Century Companies Inc. raised its position in shares of M/I Homes by 27.0% in the third quarter. American Century Companies Inc. now owns 480,872 shares of the construction company’s stock valued at $40,412,000 after buying an additional 102,358 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of M/I Homes by 15.4% in the third quarter. Invesco Ltd. now owns 427,281 shares of the construction company’s stock worth $35,909,000 after buying an additional 57,162 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at M/I Homes

In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total value of $316,263.11. Following the transaction, the insider now directly owns 2,342 shares of the company’s stock, valued at approximately $300,970.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.60% of the stock is owned by insiders.

M/I Homes Stock Down 0.2 %

Shares of NYSE:MHO opened at $120.07 on Friday. The firm’s 50-day moving average is $123.21 and its two-hundred day moving average is $116.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.51 and a quick ratio of 1.68. The firm has a market capitalization of $3.33 billion, a PE ratio of 6.91 and a beta of 2.13. M/I Homes, Inc. has a 1 year low of $64.28 and a 1 year high of $140.73.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.82. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Analysts predict that M/I Homes, Inc. will post 16.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on MHO. StockNews.com upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday. Wedbush reiterated a “neutral” rating and set a $130.00 price objective (up previously from $116.00) on shares of M/I Homes in a research report on Wednesday.

M/I Homes Company Profile

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.