FourThought Financial Partners LLC Acquires New Shares in M/I Homes, Inc. (NYSE:MHO)

FourThought Financial Partners LLC acquired a new stake in M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,508 shares of the construction company’s stock, valued at approximately $208,000.

Other hedge funds have also recently bought and sold shares of the company. SummerHaven Investment Management LLC grew its holdings in M/I Homes by 1.1% during the 4th quarter. SummerHaven Investment Management LLC now owns 8,198 shares of the construction company’s stock valued at $1,129,000 after buying an additional 88 shares during the last quarter. Strs Ohio boosted its holdings in shares of M/I Homes by 200.0% during the third quarter. Strs Ohio now owns 300 shares of the construction company’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of M/I Homes during the fourth quarter worth $29,000. GAMMA Investing LLC acquired a new stake in shares of M/I Homes during the fourth quarter worth $27,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of M/I Homes by 9.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,669 shares of the construction company’s stock worth $308,000 after purchasing an additional 302 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at M/I Homes

In other news, insider Susan E. Krohne sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the transaction, the insider now directly owns 3,609 shares in the company, valued at $440,298. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Susan E. Krohne sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the transaction, the insider now directly owns 3,609 shares in the company, valued at $440,298. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ann Marie Hunker sold 2,461 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total value of $316,263.11. Following the sale, the insider now directly owns 2,342 shares in the company, valued at approximately $300,970.42. The disclosure for this sale can be found here. Insiders sold a total of 30,661 shares of company stock worth $3,756,663 over the last ninety days. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wedbush reiterated a “neutral” rating and issued a $130.00 target price (up previously from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th. StockNews.com raised M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th.

M/I Homes Stock Up 1.8 %

NYSE:MHO traded up $2.19 during mid-day trading on Monday, hitting $124.21. The company had a trading volume of 80,054 shares, compared to its average volume of 270,874. The business has a fifty day simple moving average of $123.14 and a 200-day simple moving average of $117.94. The company has a current ratio of 6.91, a quick ratio of 1.99 and a debt-to-equity ratio of 0.35. M/I Homes, Inc. has a 1 year low of $66.74 and a 1 year high of $140.73. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 7.02 and a beta of 2.16.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.82. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. Equities analysts forecast that M/I Homes, Inc. will post 18.18 earnings per share for the current fiscal year.

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.