SG Americas Securities LLC Sells 15,506 Shares of M/I Homes, Inc. (NYSE:MHO)

SG Americas Securities LLC decreased its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 91.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,413 shares of the construction company's stock after selling 15,506 shares during the quarter. SG Americas Securities LLC's holdings in M/I Homes were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in M/I Homes by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company's stock worth $285,719,000 after purchasing an additional 39,542 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of M/I Homes by 3.0% during the 1st quarter. Westfield Capital Management Co. LP now owns 1,219,989 shares of the construction company's stock worth $166,272,000 after buying an additional 35,558 shares during the period. American Century Companies Inc. boosted its holdings in shares of M/I Homes by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company's stock worth $85,984,000 after buying an additional 50,330 shares during the period. Bank of New York Mellon Corp grew its stake in M/I Homes by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company's stock valued at $32,046,000 after buying an additional 13,782 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in M/I Homes by 5.7% in the 1st quarter. Bridgeway Capital Management LLC now owns 191,623 shares of the construction company's stock worth $26,116,000 after acquiring an additional 10,375 shares during the period. Institutional investors own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Raymond James upped their price target on shares of M/I Homes from $200.00 to $210.00 and gave the company a "strong-buy" rating in a report on Friday, August 2nd. StockNews.com downgraded shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Friday.

Insider Transactions at M/I Homes

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

M/I Homes Stock Performance

Shares of MHO traded down $6.87 on Tuesday, reaching $158.08. 204,450 shares of the stock traded hands, compared to its average volume of 276,105. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 9.10 and a beta of 2.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.62 and a quick ratio of 1.76. The stock's 50-day moving average price is $161.91 and its 200-day moving average price is $140.61. M/I Homes, Inc. has a 12 month low of $74.79 and a 12 month high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, beating analysts' consensus estimates of $4.60 by $0.52. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.06 billion. M/I Homes had a net margin of 12.67% and a return on equity of 20.50%. During the same quarter in the previous year, the firm posted $4.12 earnings per share. Equities analysts forecast that M/I Homes, Inc. will post 19.76 EPS for the current fiscal year.

M/I Homes Profile

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.