FourThought Financial Partners LLC Makes New Investment in M/I Homes, Inc. (NYSE:MHO)

FourThought Financial Partners LLC purchased a new position in shares of M/I Homes, Inc. (NYSE:MHO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,508 shares of the construction company’s stock, valued at approximately $208,000.

Several other large investors have also recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. purchased a new position in shares of M/I Homes in the fourth quarter worth $29,000. GAMMA Investing LLC purchased a new position in M/I Homes during the 4th quarter valued at $27,000. Strs Ohio increased its position in M/I Homes by 200.0% during the 3rd quarter. Strs Ohio now owns 300 shares of the construction company’s stock valued at $25,000 after purchasing an additional 200 shares during the period. Clearstead Advisors LLC boosted its holdings in shares of M/I Homes by 1,979.2% during the 3rd quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after buying an additional 475 shares in the last quarter. Finally, Foundry Partners LLC bought a new stake in shares of M/I Homes during the 4th quarter valued at $220,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Stock Performance

MHO traded up $2.19 during midday trading on Monday, hitting $124.21. 80,054 shares of the company traded hands, compared to its average volume of 270,874. The company has a quick ratio of 1.99, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $3.45 billion, a PE ratio of 7.02 and a beta of 2.16. The company’s 50-day moving average is $123.14 and its 200 day moving average is $117.94. M/I Homes, Inc. has a 52 week low of $66.74 and a 52 week high of $140.73.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, April 24th. The construction company reported $4.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.82. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. On average, research analysts expect that M/I Homes, Inc. will post 18.18 EPS for the current year.

Analysts Set New Price Targets

MHO has been the topic of a number of analyst reports. Wedbush reiterated a “neutral” rating and issued a $130.00 price target (up previously from $116.00) on shares of M/I Homes in a research note on Wednesday, April 24th. StockNews.com upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th.

Insider Buying and Selling

In related news, CEO Robert H. Schottenstein sold 19,200 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 122,951 shares of the company’s stock, valued at approximately $15,000,022. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other M/I Homes news, CEO Robert H. Schottenstein sold 19,200 shares of the company’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 value of $2,342,400.00. Following the completion of the transaction, the chief executive officer now directly owns 122,951 shares in the company, valued at approximately $15,000,022. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ann Marie Hunker sold 2,461 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the transaction, the insider now owns 2,342 shares of the company’s stock, valued at $300,970.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,661 shares of company stock valued at $3,756,663. 3.70% of the stock is owned by corporate insiders.

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.