M/I Homes, Inc. (NYSE:MHO) Stake Lessened by Bank of Montreal Can

Bank of Montreal Can reduced its holdings in M/I Homes, Inc. (NYSE:MHO) by 47.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,087 shares of the construction company’s stock after selling 4,528 shares during the quarter. Bank of Montreal Can’s holdings in M/I Homes were worth $629,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MHO. Signaturefd LLC boosted its holdings in shares of M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after acquiring an additional 71 shares in the last quarter. CWM LLC grew its stake in M/I Homes by 184.8% in the second quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after purchasing an additional 329 shares in the last quarter. Hollencrest Capital Management acquired a new stake in M/I Homes in the first quarter valued at approximately $68,000. Fidelis Capital Partners LLC bought a new position in M/I Homes during the first quarter valued at about $86,000. Finally, EntryPoint Capital LLC boosted its holdings in shares of M/I Homes by 89.1% during the 1st quarter. EntryPoint Capital LLC now owns 692 shares of the construction company’s stock worth $94,000 after buying an additional 326 shares during the period. Institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In other M/I Homes news, CEO Robert H. Schottenstein sold 2,089 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.12, for a total value of $347,024.68. Following the transaction, the chief executive officer now owns 122,951 shares of the company’s stock, valued at approximately $20,424,620.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other M/I Homes news, 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 value of $347,024.68. Following the completion of the sale, the chief executive officer now owns 122,951 shares of the company’s stock, valued at approximately $20,424,620.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Phillip G. Creek sold 2,767 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.24, for a total transaction of $459,986.08. Following the completion of the sale, the chief financial officer now owns 18,545 shares in the company, valued at approximately $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. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MHO shares. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 19th. Raymond James lifted their target price 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 Stock Up 0.5 %

Shares of NYSE:MHO opened at $163.61 on Wednesday. The company has a 50 day moving average of $158.40 and a 200-day moving average of $137.71. M/I Homes, Inc. has a one year low of $74.79 and a one year high of $173.86. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 9.41 and a beta of 2.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.62 and a quick ratio of 1.76.

M/I Homes (NYSE:MHO) last released its earnings results on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, topping analysts’ consensus estimates of $4.60 by $0.52. The firm had revenue of $1.11 billion during 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 in the previous year, the business earned $4.12 EPS. On average, sell-side analysts forecast that M/I Homes, Inc. will post 19.76 earnings per share for the current year.

About M/I Homes

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.