M/I Homes Inc (NYSE:MHO) Position Boosted by Globeflex Capital L P

Globeflex Capital L P raised its stake in shares of M/I Homes Inc (NYSE:MHO) by 34.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,270 shares of the construction company’s stock after acquiring an additional 5,222 shares during the period. Globeflex Capital L P owned about 0.07% of M/I Homes worth $426,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Metropolitan Life Insurance Co. NY boosted its stake in M/I Homes by 403.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,964 shares of the construction company’s stock worth $188,000 after purchasing an additional 7,182 shares during the period. Hsbc Holdings PLC bought a new stake in shares of M/I Homes during the 3rd quarter valued at about $244,000. Oregon Public Employees Retirement Fund bought a new stake in shares of M/I Homes during the 4th quarter valued at about $223,000. Teachers Retirement System of The State of Kentucky lifted its position in M/I Homes by 39.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,700 shares of the construction company’s stock worth $256,000 after buying an additional 3,000 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in M/I Homes in the 4th quarter worth approximately $248,000. Institutional investors and hedge funds own 96.97% of the company’s stock.

A number of analysts recently weighed in on MHO shares. Wedbush boosted their target price on M/I Homes from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, February 4th. ValuEngine raised M/I Homes from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. JMP Securities cut M/I Homes from an “outperform” rating to a “market perform” rating and set a $30.00 target price on the stock. in a research note on Wednesday, February 6th. They noted that the move was a valuation call. Zacks Investment Research cut M/I Homes from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Finally, TheStreet raised M/I Homes from a “c” rating to a “b-” rating in a research note on Tuesday, February 5th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. M/I Homes presently has a consensus rating of “Hold” and a consensus price target of $29.50.

In other news, CFO Phillip G. Creek sold 27,620 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $27.01, for a total value of $746,016.20. Following the completion of the sale, the chief financial officer now directly owns 34,133 shares of the company’s stock, valued at approximately $921,932.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ann Marie Hunker sold 10,600 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $27.67, for a total value of $293,302.00. Following the completion of the sale, the insider now directly owns 2,600 shares of the company’s stock, valued at $71,942. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,842 shares of company stock valued at $3,811,138. Company insiders own 3.90% of the company’s stock.

M/I Homes stock traded down $0.07 during mid-day trading on Monday, hitting $28.11. The company had a trading volume of 77,737 shares, compared to its average volume of 222,878. The company has a current ratio of 5.95, a quick ratio of 0.61 and a debt-to-equity ratio of 0.96. M/I Homes Inc has a 12 month low of $20.34 and a 12 month high of $34.54. The company has a market capitalization of $776.08 million, a price-to-earnings ratio of 6.98 and a beta of 1.15.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Tuesday, February 5th. The construction company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.09. The company had revenue of $722.50 million during the quarter, compared to analysts’ expectations of $684.59 million. M/I Homes had a return on equity of 14.23% and a net margin of 4.71%. M/I Homes’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. On average, equities research analysts predict that M/I Homes Inc will post 3.83 EPS for the current year.

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M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.

Further Reading: Stock Split

Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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