GSA Capital Partners LLP Has $1.65 Million Position in M/I Homes, Inc. (NYSE:MHO)

GSA Capital Partners LLP reduced its holdings in M/I Homes, Inc. (NYSE:MHO) by 22.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,120 shares of the construction company’s stock after selling 3,420 shares during the period. GSA Capital Partners LLP’s holdings in M/I Homes were worth $1,652,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MHO. Voss Capital LLC bought a new stake in M/I Homes in the fourth quarter valued at approximately $3,444,000. Seven Eight Capital LP bought a new stake in M/I Homes in the third quarter valued at approximately $247,000. Vanguard Group Inc. increased its stake in M/I Homes by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,961,428 shares of the construction company’s stock valued at $164,838,000 after purchasing an additional 43,417 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in M/I Homes by 143.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 26,284 shares of the construction company’s stock valued at $3,620,000 after purchasing an additional 15,481 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in M/I Homes by 137.1% in the first quarter. Los Angeles Capital Management LLC now owns 12,021 shares of the construction company’s stock valued at $1,638,000 after purchasing an additional 6,950 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at M/I Homes

In other news, insider Susan E. Krohne sold 9,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the sale, the insider now owns 3,609 shares of the company’s stock, valued at $440,298. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Robert H. Schottenstein sold 19,200 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $122.00, for a total transaction of $2,342,400.00. Following the completion of the transaction, the chief executive officer now owns 122,951 shares in the company, valued at $15,000,022. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan E. Krohne sold 9,000 shares of the stock in a transaction 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 transaction, the insider now owns 3,609 shares of the company’s stock, valued at approximately $440,298. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on MHO shares. Wedbush reaffirmed a “neutral” rating and issued a $130.00 target price (up previously from $116.00) on shares of M/I Homes in a research note on Wednesday, April 24th. StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th.

M/I Homes Stock Up 1.5 %

Shares of MHO stock traded up $1.76 during trading hours on Wednesday, hitting $120.75. 28,413 shares of the company were exchanged, compared to its average volume of 256,989. The business has a 50 day moving average of $122.92 and a two-hundred day moving average of $124.85. 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 52 week low of $74.79 and a 52 week high of $140.73. The company has a market capitalization of $3.35 billion, a PE ratio of 6.93 and a beta of 2.23.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.82. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Analysts anticipate 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.