Vontobel Holding Ltd. Purchases Shares of 2,665 M/I Homes, Inc. (NYSE:MHO)

Vontobel Holding Ltd. acquired a new position in shares of M/I Homes, Inc. (NYSE:MHO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,665 shares of the construction company’s stock, valued at approximately $457,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MHO. Signaturefd LLC boosted its holdings 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 worth $29,000 after buying an additional 71 shares during the period. Hollencrest Capital Management acquired a new stake in M/I Homes during the first quarter worth approximately $68,000. CWM LLC boosted its holdings in shares of M/I Homes by 184.8% during the second quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after acquiring an additional 329 shares during the period. Quarry LP grew its position in shares of M/I Homes by 148.0% in the second quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after purchasing an additional 333 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of M/I Homes by 90.6% during the third quarter. GAMMA Investing LLC now owns 606 shares of the construction company’s stock worth $104,000 after purchasing an additional 288 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Down 5.4 %

NYSE MHO opened at $164.90 on Tuesday. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 9.49 and a beta of 2.23. The company has a 50 day moving average of $161.63 and a 200-day moving average of $140.38. M/I Homes, Inc. has a 1-year low of $74.79 and a 1-year high of $176.18.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data 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 return on equity of 20.50% and a net margin of 12.67%. During the same quarter last year, the company earned $4.12 EPS. On average, equities research analysts expect that M/I Homes, Inc. will post 19.76 earnings per share for the current fiscal year.

Insider Activity at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 2,767 shares of the stock in a transaction dated Thursday, August 1st. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Phillip G. Creek sold 2,767 shares of M/I Homes 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 transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $3,082,920.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 owns 122,951 shares of the company’s stock, valued at $20,424,620.12. The trade was 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.

Analysts Set New Price Targets

Several analysts recently issued reports on MHO shares. Raymond James boosted their price target on 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. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday.

M/I Homes 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.