Numerai GP LLC Decreases Stake in M/I Homes, Inc. $MHO

Numerai GP LLC lessened its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 57.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,293 shares of the construction company’s stock after selling 39,608 shares during the period. Numerai GP LLC’s holdings in M/I Homes were worth $4,231,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV acquired a new stake in M/I Homes in the third quarter valued at $214,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of M/I Homes in the third quarter valued at about $201,000. Junto Capital Management LP purchased a new stake in M/I Homes during the third quarter worth about $35,871,000. Brevan Howard Capital Management LP boosted its holdings in M/I Homes by 89.1% during the third quarter. Brevan Howard Capital Management LP now owns 17,587 shares of the construction company’s stock worth $2,540,000 after buying an additional 8,287 shares in the last quarter. Finally, Bank of America Corp DE grew its position in M/I Homes by 10.1% during the third quarter. Bank of America Corp DE now owns 187,946 shares of the construction company’s stock worth $27,147,000 after buying an additional 17,284 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Trading Up 0.2%

Shares of M/I Homes stock opened at $128.92 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.12 and a quick ratio of 1.86. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $158.92. The company has a market capitalization of $3.32 billion, a P/E ratio of 8.76 and a beta of 1.77. The business has a 50 day moving average price of $137.95 and a 200 day moving average price of $136.97.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, January 28th. The construction company reported $3.91 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 for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm earned $4.71 EPS. M/I Homes’s quarterly revenue was down 4.9% on a year-over-year basis. Sell-side analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on MHO shares. Citizens Jmp assumed coverage on M/I Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $165.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of M/I Homes in a research note on Thursday, January 22nd. Oppenheimer set a $165.00 price objective on M/I Homes in a report on Friday, January 30th. Zacks Research downgraded M/I Homes from a “hold” rating to a “strong sell” rating in a research report 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 equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, M/I Homes has an average rating of “Moderate Buy” and a consensus target price of $161.67.

Insider Activity at M/I Homes

In related news, CEO Robert H. Schottenstein sold 14,974 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 $2,198,183.20. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Phillip G. Creek sold 8,616 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $146.80, for a total transaction 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 trade represents a 15.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,213 shares of company stock valued at $7,115,268 over 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.