M/I Homes, Inc. (NYSE:MHO) Short Interest Down 19.6% in September

M/I Homes, Inc. (NYSE:MHO) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 916,200 shares, a drop of 19.6% from the September 15th total of 1,140,000 shares. Based on an average daily volume of 319,100 shares, the days-to-cover ratio is presently 2.9 days. Currently, 3.4% of the company’s shares are sold short.

Insider Buying and Selling

In related news, CEO Robert H. Schottenstein sold 2,089 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 122,951 shares in the company, valued at $20,424,620.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Phillip G. Creek sold 2,767 shares of M/I Homes stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.24, for a total value of $459,986.08. Following the sale, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $3,082,920.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert H. Schottenstein sold 2,089 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 122,951 shares of the company’s stock, valued at approximately $20,424,620.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of M/I Homes

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of M/I Homes by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company’s stock valued at $283,313,000 after buying an additional 95,437 shares during the last quarter. Renaissance Technologies LLC boosted its stake in M/I Homes by 187.0% during the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock valued at $9,673,000 after purchasing an additional 51,600 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of M/I Homes by 7.7% in the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after purchasing an additional 50,330 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of M/I Homes by 3.0% in 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 purchasing an additional 35,558 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of M/I Homes in the first quarter worth $4,281,000. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Stock Performance

Shares of M/I Homes stock opened at $162.81 on Monday. M/I Homes has a 12 month low of $74.79 and a 12 month high of $173.86. The firm has a market capitalization of $4.52 billion, a P/E ratio of 9.37 and a beta of 2.23. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $158.41 and a two-hundred day simple moving average of $138.66.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 earnings per share for the quarter, topping 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 prior year, the company earned $4.12 earnings per share. On average, equities analysts forecast that M/I Homes will post 19.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MHO shares. Raymond James upped their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

About M/I Homes

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.