Tudor Investment Corp ET AL Cuts Position in M/I Homes, Inc. $MHO

Tudor Investment Corp ET AL decreased its position in M/I Homes, Inc. (NYSE:MHO) by 92.0% during the 3rd quarter, Holdings Channel reports. The fund owned 2,992 shares of the construction company’s stock after selling 34,370 shares during the quarter. Tudor Investment Corp ET AL’s holdings in M/I Homes were worth $432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in shares of M/I Homes by 73.1% in the 3rd 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 during the last quarter. WealthCollab LLC lifted its position in shares of M/I Homes by 16.5% during the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock worth $69,000 after purchasing an additional 87 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of M/I Homes by 3.0% during the third quarter. Private Advisor Group LLC now owns 3,027 shares of the construction company’s stock worth $437,000 after purchasing an additional 89 shares in the last quarter. SkyOak Wealth LLC grew its stake in M/I Homes by 3.8% during the 3rd quarter. SkyOak Wealth LLC now owns 2,445 shares of the construction company’s stock worth $353,000 after buying an additional 90 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in M/I Homes by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,983 shares of the construction company’s stock worth $286,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Price Performance

Shares of NYSE MHO opened at $123.06 on Thursday. The firm has a market cap of $3.17 billion, a PE ratio of 8.37 and a beta of 1.76. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $158.92. The business has a 50 day moving average price of $134.80 and a two-hundred day moving average price of $134.58. The company has a quick ratio of 1.86, a current ratio of 8.12 and a debt-to-equity ratio of 0.31.

M/I Homes (NYSE:MHO) last posted its quarterly 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 company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm posted $4.71 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Sell-side analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Insider Transactions at M/I Homes

In other news, CEO Robert H. Schottenstein sold 20,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $144.47, for a total transaction of $2,889,400.00. Following the transaction, the chief executive officer directly owned 313,874 shares of the company’s stock, valued at approximately $45,345,376.78. This trade represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan E. Krohne sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $134.28, for a total transaction of $671,400.00. Following the transaction, the insider owned 6,167 shares in the company, valued at $828,104.76. This represents a 44.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 49,213 shares of company stock valued at $7,115,268. 3.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MHO shares. Zacks Research downgraded M/I Homes from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of M/I Homes in a report on Thursday, January 22nd. Citigroup reissued a “market outperform” rating on shares of M/I Homes in a report on Friday, January 30th. Oppenheimer set a $165.00 target price on M/I Homes in a research note on Friday, January 30th. Finally, Citizens Jmp started coverage on shares of M/I Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $165.00 price objective for the company. One research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.