M/I Homes, Inc. (NYSE:MHO) Shares Acquired by Cwm LLC

Cwm LLC increased its position in shares of M/I Homes, Inc. (NYSE:MHO) by 66.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 843 shares of the construction company’s stock after acquiring an additional 336 shares during the quarter. Cwm LLC’s holdings in M/I Homes were worth $144,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of M/I Homes during the first quarter worth $4,281,000. Assenagon Asset Management S.A. boosted its stake in M/I Homes by 42.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company’s stock worth $6,775,000 after buying an additional 16,413 shares during the last quarter. Vanguard Group Inc. grew its holdings in M/I Homes by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company’s stock valued at $283,313,000 after buying an additional 95,437 shares during the period. UniSuper Management Pty Ltd acquired a new position in shares of M/I Homes during the 1st quarter valued at about $776,000. Finally, Boston Partners purchased a new position in shares of M/I Homes during the 1st quarter worth about $1,210,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, October 18th. Raymond James lifted their price target on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd.

Insider Activity

In related news, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.12, for a total transaction of $347,024.68. Following the transaction, the chief executive officer now owns 122,951 shares in the company, valued at approximately $20,424,620.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Robert H. Schottenstein sold 2,089 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.12, for a total transaction of $347,024.68. Following the sale, the chief executive officer now directly owns 122,951 shares in the company, valued at approximately $20,424,620.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Phillip G. Creek sold 2,767 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.24, for a total value of $459,986.08. Following the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $3,082,920.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

M/I Homes Stock Performance

M/I Homes stock opened at $160.26 on Friday. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 9.22 and a beta of 2.23. M/I Homes, Inc. has a 12 month low of $77.76 and a 12 month high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.62 and a quick ratio of 1.76. The stock’s 50-day moving average is $162.47 and its 200-day moving average is $140.87.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, beating the consensus estimate of $4.60 by $0.52. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. M/I Homes had a net margin of 12.67% and a return on equity of 20.50%. During the same quarter last year, the firm posted $4.12 earnings per share. Equities analysts anticipate that M/I Homes, Inc. will post 19.76 earnings per share for the current year.

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.