Versor Investments LP Takes Position in M/I Homes, Inc. (NYSE:MHO)

Versor Investments LP purchased a new position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,704 shares of the construction company's stock, valued at approximately $1,061,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westfield Capital Management Co. LP acquired a new stake in M/I Homes in the 3rd quarter valued at about $82,185,000. Pacer Advisors Inc. raised its holdings in M/I Homes by 49.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,070,909 shares of the construction company's stock valued at $147,507,000 after acquiring an additional 354,182 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in M/I Homes in the fourth quarter worth approximately $25,385,000. Comerica Bank acquired a new position in M/I Homes during the 3rd quarter worth approximately $9,554,000. Finally, American Century Companies Inc. increased its position in shares of M/I Homes by 27.0% in the 3rd quarter. American Century Companies Inc. now owns 480,872 shares of the construction company's stock valued at $40,412,000 after purchasing an additional 102,358 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Stock Performance

MHO traded down $0.08 on Friday, reaching $123.41. The company had a trading volume of 111,710 shares, compared to its average volume of 266,903. The stock has a 50-day moving average price of $123.00 and a 200-day moving average price of $119.57. The stock has a market capitalization of $3.42 billion, a PE ratio of 7.10 and a beta of 2.16. M/I Homes, Inc. has a 1 year low of $67.51 and a 1 year high of $140.73. The company has a quick ratio of 1.99, a current ratio of 6.91 and a debt-to-equity ratio of 0.35.

M/I Homes (NYSE:MHO - Get Free Report) last posted 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. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. As a group, research analysts forecast that M/I Homes, Inc. will post 18.18 EPS for the current fiscal year.

Insider Buying and Selling at M/I Homes

In other news, insider Ann Marie Hunker sold 2,461 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the transaction, the insider now directly owns 2,342 shares in the company, valued at $300,970.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Ann Marie Hunker sold 2,461 shares of the firm's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the transaction, the insider now owns 2,342 shares of the company's stock, valued at $300,970.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Susan E. Krohne sold 9,000 shares of the company's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $122.00, for a total value of $1,098,000.00. Following the sale, the insider now directly owns 3,609 shares of the company's stock, valued at $440,298. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,661 shares of company stock worth $3,756,663. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wedbush reaffirmed a "neutral" rating and set a $130.00 price objective (up from $116.00) on shares of M/I Homes in a research report on Wednesday, April 24th. StockNews.com raised shares of M/I Homes from a "buy" rating to a "strong-buy" rating in a report on Friday, April 26th.

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.