M/I Homes, Inc. (NYSE:MHO) Short Interest Down 17.1% in April

M/I Homes, Inc. (NYSE:MHO - Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 722,400 shares, a decrease of 17.1% from the March 31st total of 871,400 shares. Approximately 2.6% of the company's shares are sold short. Based on an average daily volume of 274,500 shares, the short-interest ratio is presently 2.6 days.

Insider Activity

In other news, insider Ann Marie Hunker sold 2,461 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the sale, the insider now directly owns 2,342 shares of the company's stock, valued at $300,970.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of M/I Homes

Hedge funds have recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. acquired a new stake in M/I Homes during the 4th quarter valued at $29,000. GAMMA Investing LLC acquired a new stake in M/I Homes during the 4th quarter valued at $27,000. USA Financial Formulas increased its holdings in M/I Homes by 578.1% during the 4th quarter. USA Financial Formulas now owns 217 shares of the construction company's stock valued at $30,000 after purchasing an additional 185 shares in the last quarter. Strs Ohio increased its holdings in M/I Homes by 200.0% during the 3rd quarter. Strs Ohio now owns 300 shares of the construction company's stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in shares of M/I Homes by 1,979.2% in the 3rd quarter. Clearstead Advisors LLC now owns 499 shares of the construction company's stock valued at $42,000 after buying an additional 475 shares during the period. Institutional investors own 95.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wedbush reissued a "neutral" rating and set a $130.00 price target (up from $116.00) on shares of M/I Homes in a research report on Wednesday. StockNews.com raised M/I Homes from a "buy" rating to a "strong-buy" rating in a research report on Friday.

M/I Homes Stock Performance

NYSE:MHO traded down $0.22 during mid-day trading on Friday, hitting $120.07. 334,257 shares of the company's stock traded hands, compared to its average volume of 278,792. The firm has a 50 day moving average of $123.21 and a two-hundred day moving average of $116.54. M/I Homes has a 12 month low of $64.28 and a 12 month high of $140.73. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 6.91 and a beta of 2.13. The company has a current ratio of 6.51, a quick ratio of 1.68 and a debt-to-equity ratio of 0.35.

M/I Homes (NYSE:MHO - Get Free Report) last announced its earnings results on Wednesday, April 24th. The construction company reported $4.78 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.82. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. On average, equities analysts forecast that M/I Homes will post 18.18 earnings per share for the current fiscal year.

M/I Homes Company 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.