Squarepoint Ops LLC Sells 15,469 Shares of M/I Homes, Inc. $MHO

Squarepoint Ops LLC lessened its position in M/I Homes, Inc. (NYSE:MHO) by 9.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,330 shares of the construction company’s stock after selling 15,469 shares during the quarter. Squarepoint Ops LLC owned 0.56% of M/I Homes worth $22,564,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in M/I Homes in the 2nd quarter worth about $769,776,000. California State Teachers Retirement System boosted its position in shares of M/I Homes by 13,917.0% during the second quarter. California State Teachers Retirement System now owns 4,499,869 shares of the construction company’s stock valued at $723,534,000 after buying an additional 4,467,766 shares during the period. Donald Smith & CO. Inc. purchased a new position in shares of M/I Homes during the second quarter valued at approximately $223,736,000. Millennium Management LLC grew its stake in shares of M/I Homes by 107.5% during the fourth quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock valued at $55,592,000 after buying an additional 225,120 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of M/I Homes during the second quarter valued at approximately $31,561,000. Institutional investors own 95.14% of the company’s stock.

M/I Homes Price Performance

Shares of MHO opened at $143.50 on Wednesday. The company has a 50 day moving average price of $150.03 and a 200-day moving average price of $139.22. M/I Homes, Inc. has a fifty-two week low of $116.78 and a fifty-two week high of $163.66. The stock has a market capitalization of $3.63 billion, a PE ratio of 12.08 and a beta of 1.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.69 and a current ratio of 7.65.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.01. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. M/I Homes had a net margin of 7.44% and a return on equity of 11.53%. M/I Homes’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company posted $4.42 earnings per share. Equities analysts predict that M/I Homes, Inc. will post 12.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Freedom Capital raised M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Zelman & Associates downgraded M/I Homes from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 7th. New Street Research set a $172.00 target price on M/I Homes in a research note on Tuesday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a research note on Wednesday, August 12th. Finally, Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, M/I Homes presently has an average rating of “Moderate Buy” and an average target price of $164.25.

Insider Transactions at M/I Homes

In other M/I Homes news, CFO Phillip Creek sold 10,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $151.28, for a total transaction of $1,512,800.00. Following the sale, the chief financial officer owned 30,918 shares of the company’s stock, valued at approximately $4,677,275.04. This trade represents a 24.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.60% of the company’s stock.

M/I Homes Company Profile

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.