M/I Homes, Inc. (NYSE:MHO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in M/I Homes, Inc. (NYSE:MHO) by 91.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,413 shares of the construction company’s stock after selling 15,506 shares during the period. SG Americas Securities LLC’s holdings in M/I Homes were worth $242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of M/I Homes by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock valued at $285,719,000 after purchasing an additional 39,542 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of M/I Homes by 3.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 1,219,989 shares of the construction company’s stock valued at $166,272,000 after purchasing an additional 35,558 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of M/I Homes by 7.7% in the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock valued at $85,984,000 after purchasing an additional 50,330 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of M/I Homes by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company’s stock valued at $32,046,000 after purchasing an additional 13,782 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in shares of M/I Homes by 5.7% in the 1st quarter. Bridgeway Capital Management LLC now owns 191,623 shares of the construction company’s stock valued at $26,116,000 after purchasing an additional 10,375 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday. Raymond James raised their target price on M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd.

M/I Homes Stock Performance

Shares of NYSE:MHO opened at $164.90 on Tuesday. The company has a market cap of $4.58 billion, a P/E ratio of 9.49 and a beta of 2.23. 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 $176.18. The business’s 50-day simple moving average is $161.63 and its 200 day simple moving average is $140.38.

M/I Homes (NYSE:MHO) last announced its 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. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $4.12 EPS. On average, sell-side analysts forecast that M/I Homes, Inc. will post 19.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other M/I Homes news, CFO Phillip G. Creek sold 2,767 shares of M/I Homes stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 18,545 shares in the company, valued at $3,082,920.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other M/I Homes news, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes stock in a transaction that occurred on 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 $20,424,620.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Phillip G. Creek sold 2,767 shares of M/I Homes 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 completion of the transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $3,082,920.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

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.