M/I Homes, Inc. (MHO) CEO Robert H. Schottenstein Sells 15,800 Shares of Stock
M/I Homes, Inc. (NYSE:MHO) CEO Robert H. Schottenstein sold 15,800 shares of M/I Homes stock in a transaction on Monday, October 30th. The stock was sold at an average price of $31.90, for a total transaction of $504,020.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of M/I Homes, Inc. (NYSE:MHO) opened at 33.40 on Wednesday. M/I Homes, Inc. has a one year low of $20.40 and a one year high of $33.60. The company’s 50 day moving average is $27.66 and its 200-day moving average is $27.11. The firm has a market capitalization of $838.47 million, a price-to-earnings ratio of 15.80 and a beta of 1.09.
M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, October 25th. The construction company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). The company had revenue of $476.40 million for the quarter, compared to the consensus estimate of $475.42 million. M/I Homes had a return on equity of 12.31% and a net margin of 4.00%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 earnings per share. Equities analysts expect that M/I Homes, Inc. will post $2.91 EPS for the current year.
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MHO has been the topic of a number of recent analyst reports. BidaskClub cut shares of M/I Homes from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research raised shares of M/I Homes from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, September 26th. Finally, ValuEngine cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. M/I Homes currently has an average rating of “Buy” and an average target price of $34.00.
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in M/I Homes during the first quarter worth $104,000. Bank of Montreal Can boosted its stake in M/I Homes by 111.8% during the second quarter. Bank of Montreal Can now owns 4,815 shares of the construction company’s stock worth $137,000 after acquiring an additional 2,542 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in M/I Homes by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 4,894 shares of the construction company’s stock worth $139,000 after acquiring an additional 2,164 shares in the last quarter. Neuberger Berman Group LLC bought a new position in M/I Homes during the second quarter worth $201,000. Finally, Cim Investment Mangement Inc. bought a new position in M/I Homes during the second quarter worth $213,000.
About M/I Homes
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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