M/I Homes, Inc. (NYSE:MHO) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 187.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,200 shares of the construction company’s stock after purchasing an additional 51,600 shares during the period. Renaissance Technologies LLC owned about 0.29% of M/I Homes worth $9,673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Corient Private Wealth LLC purchased a new stake in M/I Homes during the fourth quarter worth approximately $602,000. Nomura Asset Management Co. Ltd. raised its stake in M/I Homes by 28.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 500 shares of the construction company’s stock worth $69,000 after acquiring an additional 110 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in M/I Homes in the fourth quarter valued at $223,000. Hsbc Holdings PLC boosted its stake in M/I Homes by 121.3% in the fourth quarter. Hsbc Holdings PLC now owns 7,397 shares of the construction company’s stock valued at $1,024,000 after acquiring an additional 4,055 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of M/I Homes by 7.6% during the fourth quarter. TD Asset Management Inc now owns 22,700 shares of the construction company’s stock worth $3,127,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling at M/I Homes

In other news, CEO Robert H. Schottenstein sold 2,089 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.12, for a total value of $347,024.68. Following the sale, the chief executive officer now directly owns 122,951 shares in the company, valued at $20,424,620.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Phillip G. Creek sold 2,767 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $166.24, for a total value of $459,986.08. Following the completion of the transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at $3,082,920.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert H. Schottenstein sold 2,089 shares of the company’s stock in a transaction that occurred 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 directly owns 122,951 shares in the company, valued at approximately $20,424,620.12. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MHO shares. StockNews.com lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 19th. Raymond James lifted their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd.

M/I Homes Price Performance

M/I Homes stock opened at $170.96 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 6.62. M/I Homes, Inc. has a one year low of $74.79 and a one year high of $173.86. The company has a market cap of $4.74 billion, a P/E ratio of 9.84 and a beta of 2.23. The business has a fifty day moving average of $155.90 and a two-hundred day moving average of $134.81.

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