M/I Homes, Inc. (MHO) Insider Sells $814,832.00 in Stock

M/I Homes, Inc. (NYSE:MHO) insider Phillip G. Creek sold 25,400 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $32.08, for a total value of $814,832.00. Following the transaction, the insider now directly owns 60,971 shares in the company, valued at $1,955,949.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). The company had revenue of $476.40 million for the quarter, compared to analyst estimates of $475.42 million. M/I Homes had a net margin of 4.00% and a return on equity of 12.31%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS.

TRADEMARK VIOLATION NOTICE: This article was first reported by Community Financial News and is the property of of Community Financial News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.com-unik.info/2017/11/03/mi-homes-inc-mho-insider-sells-814832-00-in-stock.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of M/I Homes during the 1st quarter valued at about $104,000. Bank of Montreal Can increased its holdings in shares of M/I Homes by 111.8% during the 2nd quarter. Bank of Montreal Can now owns 4,815 shares of the construction company’s stock valued at $137,000 after acquiring an additional 2,542 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of M/I Homes by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,894 shares of the construction company’s stock valued at $139,000 after acquiring an additional 2,164 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in M/I Homes during the 2nd quarter valued at approximately $201,000. Finally, Cim Investment Mangement Inc. bought a new stake in M/I Homes during the 2nd quarter valued at approximately $213,000.

Several equities analysts recently commented on MHO shares. Zacks Investment Research raised M/I Homes from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Saturday, July 29th. BidaskClub lowered M/I Homes from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. JMP Securities raised M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, July 31st. They noted that the move was a valuation call. Finally, ValuEngine lowered 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 issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $34.00.

M/I Homes Company Profile

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.

What are top analysts saying about M/I Homes Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for M/I Homes Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit