Maryland State Retirement & Pension System Sells 117 Shares of M/I Homes, Inc. (NYSE:MHO)

Maryland State Retirement & Pension System cut its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 1.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,122 shares of the construction company’s stock after selling 117 shares during the period. Maryland State Retirement & Pension System’s holdings in M/I Homes were worth $1,394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FourThought Financial Partners LLC bought a new stake in M/I Homes during the 4th quarter worth about $208,000. Victory Capital Management Inc. lifted its position in M/I Homes by 61.9% during the 4th quarter. Victory Capital Management Inc. now owns 84,799 shares of the construction company’s stock worth $11,680,000 after buying an additional 32,434 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in M/I Homes by 1.1% during the 4th quarter. SummerHaven Investment Management LLC now owns 8,198 shares of the construction company’s stock worth $1,129,000 after buying an additional 88 shares in the last quarter. Russell Investments Group Ltd. lifted its position in M/I Homes by 0.5% during the 4th quarter. Russell Investments Group Ltd. now owns 127,627 shares of the construction company’s stock worth $17,678,000 after buying an additional 649 shares in the last quarter. Finally, Semanteon Capital Management LP bought a new stake in M/I Homes during the 4th quarter worth about $342,000. 95.14% of the stock is owned by institutional investors.

M/I Homes Price Performance

NYSE:MHO opened at $122.55 on Thursday. M/I Homes, Inc. has a 12-month low of $67.16 and a 12-month high of $140.73. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 7.05 and a beta of 2.16. The stock’s 50 day moving average price is $123.22 and its two-hundred day moving average price is $118.65. The company has a quick ratio of 1.99, a current ratio of 6.91 and a debt-to-equity ratio of 0.35.

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

Insider Buying and Selling at M/I Homes

In other news, insider Susan E. Krohne sold 9,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $122.00, for a total transaction 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 filing with the SEC, which is accessible through this link. In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of M/I Homes stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the sale, the insider now owns 2,342 shares in the company, valued at approximately $300,970.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan E. Krohne sold 9,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the sale, the insider now directly owns 3,609 shares of the company’s stock, valued at approximately $440,298. The disclosure for this sale can be found here. Insiders have sold a total of 30,661 shares of company stock worth $3,756,663 over the last ninety days. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MHO. Wedbush reissued a “neutral” rating and set a $130.00 price target (up from $116.00) on shares of M/I Homes in a research report on Wednesday, April 24th. StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th.

M/I Homes Company Profile

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.