Los Angeles Capital Management LLC Has $1.64 Million Stake in M/I Homes, Inc. (NYSE:MHO)

Los Angeles Capital Management LLC grew its position in M/I Homes, Inc. (NYSE:MHO) by 137.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,021 shares of the construction company’s stock after purchasing an additional 6,950 shares during the quarter. Los Angeles Capital Management LLC’s holdings in M/I Homes were worth $1,638,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC bought a new stake in M/I Homes during the fourth quarter worth $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in M/I Homes in the fourth quarter valued at $29,000. USA Financial Formulas increased its holdings in M/I Homes by 578.1% in the fourth quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock valued at $30,000 after purchasing an additional 185 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in M/I Homes by 28.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 500 shares of the construction company’s stock valued at $69,000 after purchasing an additional 110 shares during the period. Finally, Strs Ohio increased its holdings in M/I Homes by 300.0% in the fourth quarter. Strs Ohio now owns 1,200 shares of the construction company’s stock valued at $165,000 after purchasing an additional 900 shares during the period. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Price Performance

MHO stock opened at $120.45 on Friday. The stock has a market capitalization of $3.34 billion, a PE ratio of 6.93 and a beta of 2.20. The company’s 50-day moving average is $122.20 and its 200-day moving average is $124.96. 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, Inc. has a 1 year low of $74.79 and a 1 year high of $140.73.

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

Insider Activity at M/I Homes

In related news, insider Susan E. Krohne sold 9,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $122.00, for a total value of $1,098,000.00. Following the transaction, the insider now owns 3,609 shares of the company’s stock, valued at approximately $440,298. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other M/I Homes news, CEO Robert H. Schottenstein sold 19,200 shares of M/I Homes 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 approximately $15,000,022. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Susan E. Krohne sold 9,000 shares of M/I Homes stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the transaction, the insider now directly owns 3,609 shares in the company, valued at approximately $440,298. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MHO. Wedbush reiterated a “neutral” rating and set a $130.00 price target (up from $116.00) on shares of M/I Homes in a 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.