M/I Homes, Inc. (NYSE:MHO) Position Increased by Yousif Capital Management LLC

Yousif Capital Management LLC increased its position in shares of M/I Homes, Inc. (NYSE:MHO) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,397 shares of the construction company’s stock after acquiring an additional 654 shares during the period. Yousif Capital Management LLC’s holdings in M/I Homes were worth $1,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Voss Capital LLC purchased a new stake in shares of M/I Homes during the fourth quarter worth $3,444,000. Seven Eight Capital LP purchased a new stake in shares of M/I Homes during the third quarter worth $247,000. Vanguard Group Inc. raised its holdings in shares of M/I Homes by 2.3% during the third quarter. Vanguard Group Inc. now owns 1,961,428 shares of the construction company’s stock worth $164,838,000 after acquiring an additional 43,417 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of M/I Homes by 143.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 26,284 shares of the construction company’s stock worth $3,620,000 after acquiring an additional 15,481 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of M/I Homes during the fourth quarter worth $9,262,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Trading Up 0.1 %

M/I Homes stock opened at $116.34 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 1.86. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 6.69 and a beta of 2.13. M/I Homes, Inc. has a one year low of $65.42 and a one year high of $140.73. The company’s fifty day moving average price is $123.15 and its two-hundred day moving average price is $117.08.

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

Insider Activity

In other news, insider Ann Marie Hunker sold 2,461 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $300,970.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Ann Marie Hunker sold 2,461 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $300,970.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert H. Schottenstein sold 19,200 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $122.00, for a total value of $2,342,400.00. Following the completion of the sale, the chief executive officer now directly owns 122,951 shares in the company, valued at $15,000,022. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,661 shares of company stock valued at $3,756,663. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

M/I Homes 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.