GAMMA Investing LLC Invests $27,000 in M/I Homes, Inc. (NYSE:MHO)

GAMMA Investing LLC purchased a new position in shares of M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 214 shares of the construction company’s stock, valued at approximately $27,000.

Several other institutional investors have also added to or reduced their stakes in MHO. Strs Ohio lifted 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 buying an additional 200 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in M/I Homes in the 4th quarter worth about $29,000. Vanguard Personalized Indexing Management LLC boosted its holdings in M/I Homes by 9.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,669 shares of the construction company’s stock valued at $308,000 after purchasing an additional 302 shares during the period. Diversified Trust Co grew its position in shares of M/I Homes by 2.6% during the 4th quarter. Diversified Trust Co now owns 14,219 shares of the construction company’s stock worth $1,959,000 after purchasing an additional 366 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in shares of M/I Homes by 13.7% during the fourth quarter. AlphaMark Advisors LLC now owns 3,043 shares of the construction company’s stock worth $419,000 after purchasing an additional 367 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Ann Marie Hunker sold 2,461 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the sale, the insider now directly owns 2,342 shares in the company, valued at approximately $300,970.42. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Ann Marie Hunker sold 2,461 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the transaction, the insider now directly owns 2,342 shares in the company, valued at approximately $300,970.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert H. Schottenstein sold 19,200 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 122,951 shares in the company, valued at approximately $15,000,022. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,661 shares of company stock worth $3,756,663. Insiders own 3.70% of the company’s stock.

M/I Homes Price Performance

MHO stock opened at $123.96 on Tuesday. The company’s 50-day moving average price is $123.20 and its two-hundred day moving average price is $118.28. M/I Homes, Inc. has a 12 month low of $66.74 and a 12 month high of $140.73. The company has a quick ratio of 1.99, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. The firm has a market cap of $3.44 billion, a P/E ratio of 7.13 and a beta of 2.16.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. On average, analysts anticipate that M/I Homes, Inc. will post 18.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MHO has been the topic of a number of analyst reports. Wedbush reissued a “neutral” rating and set a $130.00 price target (up previously from $116.00) on shares of M/I Homes in a research report on Wednesday, April 24th. StockNews.com raised M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th.

About M/I Homes

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.