Jefferies Financial Group Inc. Acquires New Position in M/I Homes, Inc. $MHO

Jefferies Financial Group Inc. bought a new position in M/I Homes, Inc. (NYSE:MHO) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,120 shares of the construction company’s stock, valued at approximately $884,000.

Other large investors have also added to or reduced their stakes in the company. Donald Smith & CO. Inc. boosted its position in shares of M/I Homes by 9.8% in the second quarter. Donald Smith & CO. Inc. now owns 1,408,390 shares of the construction company’s stock worth $157,909,000 after purchasing an additional 125,423 shares during the period. Long Pond Capital LP bought a new stake in shares of M/I Homes during the 2nd quarter valued at $13,694,000. Cramer Rosenthal Mcglynn LLC purchased a new position in shares of M/I Homes during the 3rd quarter valued at $13,315,000. American Century Companies Inc. boosted its holdings 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 worth $135,282,000 after buying an additional 91,732 shares during the period. Finally, Voss Capital LP boosted its holdings in M/I Homes by 195.0% in the 2nd quarter. Voss Capital LP now owns 125,000 shares of the construction company’s stock worth $14,015,000 after buying an additional 82,625 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Activity at M/I Homes

In other M/I Homes news, insider Susan E. Krohne sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 6,167 shares in the company, valued at $828,104.76. This trade represents a 44.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert H. Schottenstein sold 20,000 shares of M/I Homes stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $144.47, for a total value of $2,889,400.00. Following the completion of the sale, the chief executive officer directly owned 313,874 shares in the company, valued at approximately $45,345,376.78. The trade was a 5.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 49,213 shares of company stock valued at $7,115,268. Insiders own 3.50% of the company’s stock.

M/I Homes Stock Down 1.3%

Shares of MHO stock opened at $128.17 on Friday. The company’s fifty day simple moving average is $137.90 and its two-hundred day simple moving average is $137.34. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $158.92. The stock has a market cap of $3.30 billion, a P/E ratio of 8.71 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 (NYSE:MHO) last issued its quarterly earnings data on Wednesday, January 28th. The construction company reported $3.91 earnings per share 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 analyst estimates of $1.16 billion. During the same quarter last year, the business posted $4.71 earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. Analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.