AlphaMark Advisors LLC Takes $385,000 Position in M/I Homes, Inc. (NYSE:MHO)

AlphaMark Advisors LLC acquired a new stake in M/I Homes, Inc. (NYSE:MHO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,248 shares of the construction company’s stock, valued at approximately $385,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MHO. Ellsworth Advisors LLC bought a new stake in shares of M/I Homes in the third quarter valued at about $603,000. Vontobel Holding Ltd. acquired a new stake in M/I Homes in the 3rd quarter valued at approximately $457,000. Creative Planning boosted its position in M/I Homes by 56.1% during the 3rd quarter. Creative Planning now owns 6,494 shares of the construction company’s stock worth $1,113,000 after acquiring an additional 2,335 shares during the last quarter. Shaker Investments LLC OH boosted its position in M/I Homes by 12.5% during the 3rd quarter. Shaker Investments LLC OH now owns 15,109 shares of the construction company’s stock worth $2,589,000 after acquiring an additional 1,681 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of M/I Homes during the 3rd quarter worth approximately $279,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on MHO shares. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Friday. Raymond James upped their target price on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd.

Insider Buying and Selling at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 2,767 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.24, for a total value of $459,986.08. Following the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $3,082,920.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Robert H. Schottenstein sold 2,089 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.12, for a total value of $347,024.68. Following the transaction, the chief executive officer now owns 122,951 shares of the company’s stock, valued at approximately $20,424,620.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Phillip G. Creek sold 2,767 shares of M/I Homes stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $166.24, for a total transaction of $459,986.08. Following the completion of the sale, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $3,082,920.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

M/I Homes Stock Down 1.8 %

Shares of MHO stock opened at $171.82 on Friday. M/I Homes, Inc. has a 52-week low of $74.79 and a 52-week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 6.62. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 9.89 and a beta of 2.23. The firm’s 50-day moving average is $160.57 and its 200-day moving average is $139.59.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.60 by $0.52. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. During the same period last year, the firm posted $4.12 earnings per share. Sell-side analysts predict that M/I Homes, Inc. will post 19.76 EPS for the current year.

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.