Universal Beteiligungs und Servicegesellschaft mbH Sells 5,464 Shares of M/I Homes, Inc. $MHO

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 57.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,067 shares of the construction company’s stock after selling 5,464 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in M/I Homes were worth $520,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in M/I Homes during the third quarter valued at about $28,000. Jones Financial Companies Lllp grew its position in M/I Homes by 73.1% during the third quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock valued at $30,000 after buying an additional 87 shares during the period. 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 buying an additional 135 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in M/I Homes by 53.7% during the third quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock valued at $69,000 after purchasing an additional 166 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in M/I Homes during the third quarter valued at about $87,000. Institutional investors own 95.14% of the company’s stock.

Insider Activity at M/I Homes

In related news, insider Susan E. Krohne sold 491 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $146.80, for a total value of $72,078.80. Following the sale, the insider directly owned 8,771 shares of the company’s stock, valued at $1,287,582.80. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Phillip G. Creek sold 8,616 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $146.80, for a total transaction of $1,264,828.80. Following the completion of the sale, the chief financial officer directly owned 45,815 shares in the company, valued at $6,725,642. This represents a 15.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 44,213 shares of company stock valued at $6,443,868 over the last three months. 3.60% of the stock is owned by corporate insiders.

M/I Homes Trading Down 3.3%

Shares of MHO opened at $125.85 on Tuesday. The firm’s 50 day simple moving average is $129.32 and its 200 day simple moving average is $132.06. The company has a market capitalization of $3.22 billion, a P/E ratio of 9.48 and a beta of 1.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95. M/I Homes, Inc. has a 1-year low of $103.52 and a 1-year high of $158.92.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). The company had revenue of $920.71 million during the quarter, compared to analysts’ expectations of $1.18 billion. M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.98 earnings per share. Sell-side analysts forecast that M/I Homes, Inc. will post 13.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on MHO. Citigroup reaffirmed a “market outperform” rating on shares of M/I Homes in a report on Friday, January 30th. Oppenheimer set a $165.00 price objective on shares of M/I Homes in a report on Friday, January 30th. Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Citizens Jmp initiated coverage on shares of M/I Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $165.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of M/I Homes in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.