Ameritas Investment Partners Inc. Sells 102 Shares of M/I Homes, Inc. (NYSE:MHO)

Ameritas Investment Partners Inc. lessened its stake in M/I Homes, Inc. (NYSE:MHO) by 3.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,689 shares of the construction company’s stock after selling 102 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in M/I Homes were worth $366,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MHO. Westfield Capital Management Co. LP increased its holdings in M/I Homes by 21.1% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,184,431 shares of the construction company’s stock valued at $163,144,000 after purchasing an additional 206,509 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in M/I Homes in the fourth quarter valued at about $25,385,000. Vanguard Group Inc. increased its holdings in M/I Homes by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company’s stock valued at $283,313,000 after purchasing an additional 95,437 shares during the last quarter. Vision Capital Corp bought a new stake in M/I Homes in the fourth quarter valued at about $11,078,000. Finally, Assenagon Asset Management S.A. bought a new stake in M/I Homes in the fourth quarter valued at about $9,262,000. Institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling

In related news, insider Susan E. Krohne sold 9,000 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the transaction, the insider now directly owns 3,609 shares in the company, valued at $440,298. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Susan E. Krohne sold 9,000 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the transaction, the insider now directly owns 3,609 shares in the company, valued at $440,298. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert H. Schottenstein sold 19,200 shares of the stock in a transaction dated Monday, April 29th. The stock was 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 owns 122,951 shares of the company’s stock, valued at $15,000,022. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

M/I Homes Stock Down 1.8 %

Shares of M/I Homes stock opened at $152.93 on Thursday. M/I Homes, Inc. has a 1 year low of $74.79 and a 1 year high of $160.49. The business has a 50-day moving average of $127.48 and a two-hundred day moving average of $125.67. The company has a market capitalization of $4.24 billion, a P/E ratio of 8.80 and a beta of 2.23. 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 (NYSE:MHO) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.82. The business had revenue of $1.05 billion during 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%. As a group, equities analysts predict that M/I Homes, Inc. will post 18.18 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on MHO shares. Raymond James assumed coverage on M/I Homes in a report on Wednesday. They issued a “strong-buy” rating and a $200.00 price objective for the company. StockNews.com upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Finally, Wedbush restated a “neutral” rating and issued a $130.00 price target (up from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th.

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.