LSV Asset Management Has $4.92 Million Holdings in M/I Homes, Inc. (NYSE:MHO)

LSV Asset Management reduced its holdings in M/I Homes, Inc. (NYSE:MHO) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,700 shares of the construction company’s stock after selling 9,900 shares during the period. LSV Asset Management owned 0.13% of M/I Homes worth $4,917,000 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. Strs Ohio increased its position in shares of M/I Homes by 200.0% in the third quarter. Strs Ohio now owns 300 shares of the construction company’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of M/I Homes during the 4th quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of M/I Homes during the 4th quarter worth approximately $29,000. Clearstead Advisors LLC boosted its holdings in shares of M/I Homes by 1,979.2% in the 3rd quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after buying an additional 475 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of M/I Homes in the third quarter valued at $188,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Trading Down 0.3 %

MHO stock opened at $122.55 on Thursday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 7.05 and a beta of 2.16. The company has a fifty day moving average price of $123.22 and a two-hundred day moving average price of $118.65. M/I Homes, Inc. has a one year low of $67.16 and a one year high of $140.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 1.99.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $4.78 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Equities analysts anticipate that M/I Homes, Inc. will post 18.18 EPS for the current year.

Insider Buying and Selling at M/I Homes

In other news, CEO Robert H. Schottenstein sold 19,200 shares of M/I Homes stock in a transaction on Monday, April 29th. The stock was sold at an average price of $122.00, for a total transaction of $2,342,400.00. Following the completion of the sale, the chief executive officer now owns 122,951 shares of the company’s stock, valued at $15,000,022. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Ann Marie Hunker sold 2,461 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the sale, the insider now owns 2,342 shares in the company, valued at approximately $300,970.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert H. Schottenstein sold 19,200 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $122.00, for a total transaction of $2,342,400.00. Following the transaction, the chief executive officer now owns 122,951 shares of the company’s stock, valued at $15,000,022. The disclosure for this sale can be found here. Insiders have sold a total of 30,661 shares of company stock valued at $3,756,663 in the last ninety days. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wedbush reaffirmed a “neutral” rating and set a $130.00 price target (up from $116.00) on shares of M/I Homes in a research report on Wednesday, April 24th. StockNews.com upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th.

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.