3,912 Shares in M/I Homes, Inc. $MHO Acquired by PEAK6 LLC

PEAK6 LLC bought a new position in shares of M/I Homes, Inc. (NYSE:MHO) in the second quarter, Holdings Channel reports. The firm bought 3,912 shares of the construction company’s stock, valued at approximately $629,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC bought a new position in shares of M/I Homes in the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of M/I Homes by 90.6% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after buying an additional 135 shares during the last quarter. Langley Wealth Management LLC bought a new stake in shares of M/I Homes during the 2nd quarter worth $45,000. Aster Capital Management DIFC Ltd bought a new stake in shares of M/I Homes during the 4th quarter worth $49,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in M/I Homes by 1,090.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock valued at $64,000 after buying an additional 458 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Trading Down 0.1%

M/I Homes stock opened at $152.29 on Monday. The business has a 50 day moving average price of $150.75 and a two-hundred day moving average price of $138.76. The company has a quick ratio of 1.69, a current ratio of 7.65 and a debt-to-equity ratio of 0.29. M/I Homes, Inc. has a 12 month low of $116.78 and a 12 month high of $163.66. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 12.82 and a beta of 1.60.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.01. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. M/I Homes had a return on equity of 11.53% and a net margin of 7.44%.M/I Homes’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.42 EPS. As a group, equities analysts forecast that M/I Homes, Inc. will post 12.62 EPS for the current year.

Insiders Place Their Bets

In other M/I Homes news, CFO Phillip G. Creek sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $151.28, for a total value of $1,512,800.00. Following the sale, the chief financial officer owned 30,918 shares of the company’s stock, valued at $4,677,275.04. The trade was a 24.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a report on Wednesday, August 12th. Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Freedom Capital upgraded M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. New Street Research set a $172.00 price objective on M/I Homes in a research report on Tuesday, August 4th. Finally, Zelman & Associates downgraded shares of M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

About M/I Homes

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.