Dimensional Fund Advisors LP trimmed its position in M/I Homes Inc (NYSE:MHO) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,067,304 shares of the construction company’s stock after selling 25,688 shares during the period. Dimensional Fund Advisors LP owned 0.07% of M/I Homes worth $54,742,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Mount Yale Investment Advisors LLC purchased a new stake in M/I Homes in the first quarter worth $130,000. SG Americas Securities LLC purchased a new stake in M/I Homes in the second quarter worth $126,000. Piedmont Investment Advisors LLC purchased a new stake in M/I Homes in the second quarter worth $176,000. Xact Kapitalforvaltning AB purchased a new stake in M/I Homes in the first quarter worth $215,000. Finally, CIBC World Markets Inc. purchased a new stake in M/I Homes in the first quarter worth $338,000. 93.40% of the stock is currently owned by institutional investors.

In other news, insider Phillip G. Creek sold 18,880 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $26.50, for a total value of $500,320.00. Following the sale, the insider now directly owns 6,513 shares of the company’s stock, valued at $172,594.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert H. Schottenstein sold 13,143 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $26.31, for a total value of $345,792.33. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised M/I Homes from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. ValuEngine cut M/I Homes from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. M/I Homes currently has an average rating of “Hold” and an average target price of $40.00.

Shares of MHO stock opened at $25.08 on Wednesday. The firm has a market capitalization of $721.70 million, a P/E ratio of 8.71 and a beta of 1.09. M/I Homes Inc has a twelve month low of $24.19 and a twelve month high of $37.41. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.64 and a current ratio of 6.15.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, July 25th. The construction company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. M/I Homes had a return on equity of 12.69% and a net margin of 3.91%. The firm had revenue of $558.10 million for the quarter, compared to analysts’ expectations of $527.00 million. During the same period in the prior year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. equities analysts anticipate that M/I Homes Inc will post 3.93 earnings per share for the current fiscal year.

M/I Homes announced that its board has approved a share repurchase program on Tuesday, August 14th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

About M/I Homes

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.

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

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