GSA Capital Partners LLP Sells 3,701 Shares of M/I Homes, Inc. $MHO

GSA Capital Partners LLP trimmed its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 46.0% in the third quarter, Holdings Channel.com reports. The fund owned 4,340 shares of the construction company’s stock after selling 3,701 shares during the quarter. GSA Capital Partners LLP’s holdings in M/I Homes were worth $627,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp raised its position in M/I Homes by 73.1% in the third quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock worth $30,000 after purchasing an additional 87 shares in the last quarter. WealthCollab LLC grew its stake in shares of M/I Homes by 16.5% in the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock valued at $69,000 after purchasing an additional 87 shares during the period. SkyOak Wealth LLC raised its holdings in shares of M/I Homes by 3.8% in the 3rd quarter. SkyOak Wealth LLC now owns 2,445 shares of the construction company’s stock worth $353,000 after buying an additional 90 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of M/I Homes by 4.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,983 shares of the construction company’s stock worth $286,000 after buying an additional 93 shares during the period. Finally, Arizona State Retirement System boosted its stake in M/I Homes by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 7,925 shares of the construction company’s stock valued at $1,145,000 after buying an additional 112 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MHO has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of M/I Homes in a research note on Thursday, January 22nd. Oppenheimer set a $165.00 target price on shares of M/I Homes in a report on Friday, January 30th. Citigroup reiterated a “market outperform” rating on shares of M/I Homes in a research report on Friday, January 30th. Zacks Research lowered shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Finally, Citizens Jmp initiated coverage on shares of M/I Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $165.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.67.

M/I Homes Stock Performance

M/I Homes stock opened at $143.66 on Monday. The stock has a 50-day simple moving average of $135.57 and a 200 day simple moving average of $137.39. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 9.77 and a beta of 1.77. The company has a quick ratio of 1.86, a current ratio of 8.12 and a debt-to-equity ratio of 0.31. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $158.92.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, January 28th. The construction company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.03. M/I Homes had a net margin of 9.12% and a return on equity of 14.50%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the company posted $4.71 EPS. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, research analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

M/I Homes declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 12th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 7.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, insider Susan E. Krohne sold 5,000 shares of the business’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $134.28, for a total transaction of $671,400.00. Following the completion of the sale, the insider owned 6,167 shares in the company, valued at $828,104.76. The trade was a 44.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Phillip G. Creek sold 8,616 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $146.80, for a total value of $1,264,828.80. Following the completion of the transaction, the chief financial officer owned 45,815 shares in the company, valued at approximately $6,725,642. This represents a 15.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 49,213 shares of company stock worth $7,115,268 in the last quarter. Insiders own 3.70% of the company’s stock.

About M/I Homes

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.