M/I Homes, Inc. (NYSE:MHO) Shares Sold by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC reduced its holdings in M/I Homes, Inc. (NYSE:MHO) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,580 shares of the construction company’s stock after selling 253 shares during the quarter. Journey Strategic Wealth LLC’s holdings in M/I Homes were worth $343,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MHO. V Square Quantitative Management LLC acquired a new stake in M/I Homes in the third quarter valued at $27,000. R Squared Ltd acquired a new stake in shares of M/I Homes in the fourth quarter valued at about $33,000. Signaturefd LLC boosted its holdings in M/I Homes by 49.4% during the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after buying an additional 117 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in M/I Homes during the third quarter worth about $86,000. Finally, Private Trust Co. NA purchased a new position in M/I Homes in the third quarter valued at about $88,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Trading Down 3.2 %

Shares of MHO opened at $125.84 on Monday. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. The firm has a 50 day simple moving average of $142.70 and a 200-day simple moving average of $153.17. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 6.38 and a beta of 2.29.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.56% and a net margin of 12.51%. Equities analysts forecast that M/I Homes, Inc. will post 20.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MHO has been the topic of several research analyst reports. StockNews.com lowered M/I Homes from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James reissued a “strong-buy” rating and issued a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a report on Thursday. Finally, Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $155.00 to $185.00 in a research note on Monday, November 4th.

Insider Buying and Selling at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total value of $3,200,000.00. Following the completion of the transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.70% of the stock is owned by insiders.

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.