Tudor Investment Corp ET AL Reduces Stake in M/I Homes, Inc. $MHO

Tudor Investment Corp ET AL reduced its position in M/I Homes, Inc. (NYSE:MHO) by 92.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,992 shares of the construction company’s stock after selling 34,370 shares during the period. Tudor Investment Corp ET AL’s holdings in M/I Homes were worth $432,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in M/I Homes by 10.9% in the 3rd quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock valued at $135,282,000 after purchasing an additional 91,732 shares in the last quarter. Invesco Ltd. increased its position in M/I Homes by 116.4% during the third quarter. Invesco Ltd. now owns 300,912 shares of the construction company’s stock worth $43,464,000 after buying an additional 161,881 shares in the last quarter. JPMorgan Chase & Co. increased its position in M/I Homes by 26.1% during the third quarter. JPMorgan Chase & Co. now owns 266,582 shares of the construction company’s stock worth $38,505,000 after buying an additional 55,206 shares in the last quarter. Junto Capital Management LP purchased a new stake in shares of M/I Homes in the third quarter valued at $35,871,000. Finally, Qube Research & Technologies Ltd grew its position in shares of M/I Homes by 5.0% in the second quarter. Qube Research & Technologies Ltd now owns 228,931 shares of the construction company’s stock valued at $25,668,000 after purchasing an additional 10,898 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at M/I Homes

In other M/I Homes news, CEO Robert H. Schottenstein sold 14,974 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $146.80, for a total transaction of $2,198,183.20. Following the completion of the sale, the chief executive officer owned 348,513 shares of the company’s stock, valued at approximately $51,161,708.40. The trade was a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan E. Krohne sold 491 shares of the business’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 $72,078.80. Following the sale, the insider directly owned 8,771 shares of the company’s stock, valued at approximately $1,287,582.80. This trade represents a 5.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 49,213 shares of company stock valued at $7,115,268. Company insiders own 3.50% of the company’s stock.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $120.67 on Thursday. The company has a market cap of $3.09 billion, a P/E ratio of 8.20 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 52 week low of $102.44 and a 52 week high of $158.92. The business has a fifty day simple moving average of $132.47 and a 200-day simple moving average of $132.82.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MHO shares. Citizens Jmp started coverage on M/I Homes in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $165.00 price objective for the company. Citigroup reaffirmed a “market outperform” rating on shares of M/I Homes in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of M/I Homes in a research report on Thursday, January 22nd. Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th. Finally, Oppenheimer set a $165.00 price objective on M/I Homes in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.67.

M/I Homes 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.