3,888 Shares in M/I Homes, Inc. (NYSE:MHO) Acquired by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. bought a new stake in shares of M/I Homes, Inc. (NYSE:MHO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,888 shares of the construction company’s stock, valued at approximately $475,000.

Several other institutional investors have also recently made changes to their positions in MHO. Signaturefd LLC raised its stake in shares of M/I Homes by 42.8% during the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after purchasing an additional 71 shares during the period. Bay Rivers Group grew its holdings in M/I Homes by 1.7% during the 2nd quarter. Bay Rivers Group now owns 4,458 shares of the construction company’s stock valued at $544,000 after buying an additional 75 shares in the last quarter. Xponance Inc. increased its position in shares of M/I Homes by 4.9% during the second quarter. Xponance Inc. now owns 1,718 shares of the construction company’s stock valued at $210,000 after buying an additional 80 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of 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 worth $69,000 after buying an additional 110 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its position in shares of M/I Homes by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 8,393 shares of the construction company’s stock valued at $1,025,000 after acquiring an additional 123 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MHO shares. Raymond James increased their target price on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 19th.

M/I Homes Stock Up 0.8 %

MHO stock opened at $170.96 on Tuesday. The company’s 50 day moving average is $155.90 and its 200 day moving average is $134.81. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 9.84 and a beta of 2.23. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 1-year low of $74.79 and a 1-year high of $173.86.

M/I Homes (NYSE:MHO) last issued its quarterly 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 for 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 prior year, the firm earned $4.12 EPS. Sell-side analysts predict that M/I Homes, Inc. will post 19.76 EPS for the current fiscal year.

Insiders Place Their Bets

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

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.