Squarepoint Ops LLC Decreases Stock Holdings in M/I Homes, Inc. $MHO

Squarepoint Ops LLC reduced its position in M/I Homes, Inc. (NYSE:MHO – Free Report) by 9.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,330 shares of the construction company’s stock after selling 15,469 shares during the period. Squarepoint Ops LLC’s holdings in M/I Homes were worth $22,564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hilton Head Capital Partners LLC bought a new position in shares of M/I Homes during the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in M/I Homes by 90.6% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after acquiring an additional 135 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in M/I Homes in the fourth quarter worth $49,000. Versant Capital Management Inc grew its holdings in M/I Homes by 133.7% in the second quarter. Versant Capital Management Inc now owns 409 shares of the construction company’s stock worth $66,000 after purchasing an additional 234 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of M/I Homes by 53.7% during the third quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock worth $69,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

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M/I Homes Trading Down 3.2%

Shares of M/I Homes stock opened at $143.50 on Wednesday. The stock has a market cap of $3.63 billion, a PE ratio of 12.08 and a beta of 1.61. The firm has a fifty day moving average price of $150.03 and a 200 day moving average price of $139.22. M/I Homes, Inc. has a 1 year low of $116.78 and a 1 year high of $163.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.65 and a quick ratio of 1.69.

M/I Homes (NYSE:MHO – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.14 EPS for the quarter, beating the consensus estimate of $3.13 by $0.01. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. M/I Homes had a net margin of 7.44% and a return on equity of 11.53%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.42 earnings per share. Equities research analysts predict that M/I Homes, Inc. will post 12.62 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Zelman & Associates lowered M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Weiss Ratings restated a “hold (c)” rating on shares of M/I Homes in a research note on Wednesday, August 12th. Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. New Street Research set a $172.00 price target on M/I Homes in a research note on Tuesday, August 4th. Finally, Freedom Capital raised M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.25.

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Insider Activity

In other news, CFO Phillip Creek sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $149.56, for a total value of $2,991,200.00. Following the completion of the transaction, the chief financial officer owned 30,918 shares of the company’s stock, valued at $4,624,096.08. The trade was a 39.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.60% of the stock is currently owned by company insiders.

M/I Homes Company Profile

(Free Report)

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.

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