Sawgrass Asset Management LLC Purchases Shares of 1,473 M/I Homes, Inc. (NYSE:MHO)

Sawgrass Asset Management LLC acquired a new position in shares of M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, Holdings Channel reports. The fund acquired 1,473 shares of the construction company’s stock, valued at approximately $203,000.

Several other institutional investors also recently modified their holdings of MHO. Voss Capital LLC purchased a new stake in M/I Homes during the fourth quarter valued at about $3,444,000. Seven Eight Capital LP bought a new stake in M/I Homes in the 3rd quarter worth approximately $247,000. Vanguard Group Inc. boosted its stake in M/I Homes by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,961,428 shares of the construction company’s stock worth $164,838,000 after buying an additional 43,417 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in 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 valued at $3,620,000 after acquiring an additional 15,481 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of M/I Homes during the fourth quarter worth approximately $9,262,000. 95.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at M/I Homes

In other M/I Homes news, insider Susan E. Krohne sold 9,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $122.00, for a total value of $1,098,000.00. Following the completion of the sale, the insider now owns 3,609 shares in the company, valued at approximately $440,298. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other M/I Homes news, insider Susan E. Krohne sold 9,000 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $122.00, for a total value of $1,098,000.00. Following the completion of the transaction, the insider now directly owns 3,609 shares in the company, valued at approximately $440,298. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert H. Schottenstein sold 19,200 shares of M/I Homes stock in a transaction dated 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 sale, the chief executive officer now directly owns 122,951 shares in the company, valued at approximately $15,000,022. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,661 shares of company stock worth $3,756,663. 3.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

M/I Homes Trading Down 0.8 %

M/I Homes stock traded down $1.00 during trading hours on Tuesday, reaching $122.94. The company had a trading volume of 204,437 shares, compared to its average volume of 272,391. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 1.99. M/I Homes, Inc. has a 12-month low of $66.74 and a 12-month high of $140.73. The company has a 50-day moving average price of $123.22 and a 200 day moving average price of $118.62. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 7.07 and a beta of 2.16.

M/I Homes (NYSE:MHO) last issued 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. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Equities analysts forecast that M/I Homes, Inc. will post 18.18 earnings per share for the current year.

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.