Jump Financial LLC Purchases Shares of 3,800 M/I Homes, Inc. (NYSE:MHO)

Jump Financial LLC acquired a new position in M/I Homes, Inc. (NYSE:MHOFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,800 shares of the construction company’s stock, valued at approximately $523,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MHO. Westfield Capital Management Co. LP acquired a new position in M/I Homes in the third quarter worth approximately $82,185,000. Pacer Advisors Inc. grew its holdings in shares of M/I Homes by 49.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,070,909 shares of the construction company’s stock worth $147,507,000 after acquiring an additional 354,182 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of M/I Homes during the fourth quarter worth $25,385,000. Comerica Bank purchased a new stake in shares of M/I Homes during the third quarter valued at $9,554,000. Finally, American Century Companies Inc. boosted its position in shares of M/I Homes by 27.0% in the 3rd quarter. American Century Companies Inc. now owns 480,872 shares of the construction company’s stock valued at $40,412,000 after purchasing an additional 102,358 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Get Our Latest Report on MHO

Insiders Place Their Bets

In other news, CEO Robert H. Schottenstein sold 19,200 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 122,951 shares of the company’s stock, valued at $15,000,022. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Susan E. Krohne sold 9,000 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 SEC, which is available through this hyperlink. Also, CEO Robert H. Schottenstein sold 19,200 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was 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 directly owns 122,951 shares of the company’s stock, valued at $15,000,022. The disclosure for this sale can be found here. Insiders sold a total of 30,661 shares of company stock worth $3,756,663 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.

M/I Homes Stock Performance

Shares of MHO stock opened at $128.14 on Wednesday. The stock’s fifty day simple moving average is $123.29 and its 200-day simple moving average is $121.68. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 7.37 and a beta of 2.16. 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 $68.80 and a 1-year high of $140.73.

M/I Homes (NYSE:MHOGet Free Report) last issued its earnings results on Wednesday, April 24th. The construction company reported $4.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.82. The company had revenue of $1.05 billion for 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%. On average, sell-side analysts predict that M/I Homes, Inc. will post 18.18 earnings per share for the current fiscal year.

M/I Homes Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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