Q Global Advisors LLC lowered its stake in M/I Homes Inc (NYSE:MHO) by 40.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,941 shares of the construction company’s stock after selling 67,346 shares during the quarter. M/I Homes makes up approximately 2.9% of Q Global Advisors LLC’s investment portfolio, making the stock its 7th largest position. Q Global Advisors LLC owned 0.36% of M/I Homes worth $2,824,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of M/I Homes by 130.9% in the second quarter. AQR Capital Management LLC now owns 26,937 shares of the construction company’s stock worth $769,000 after acquiring an additional 15,273 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of M/I Homes in the second quarter worth about $264,000. Zebra Capital Management LLC lifted its holdings in shares of M/I Homes by 6.7% in the second quarter. Zebra Capital Management LLC now owns 26,665 shares of the construction company’s stock worth $761,000 after acquiring an additional 1,679 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of M/I Homes in the second quarter worth about $1,103,000. Finally, Balyasny Asset Management LLC raised its holdings in M/I Homes by 53.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 558,553 shares of the construction company’s stock valued at $15,941,000 after buying an additional 193,781 shares during the last quarter. 96.08% of the stock is owned by hedge funds and other institutional investors.
NYSE MHO traded up $0.42 during trading hours on Thursday, reaching $37.97. The company’s stock had a trading volume of 139,261 shares, compared to its average volume of 232,072. The firm has a fifty day simple moving average of $36.00 and a 200-day simple moving average of $30.14. The stock has a market cap of $1.02 billion, a P/E ratio of 9.42 and a beta of 1.00. M/I Homes Inc has a 52 week low of $20.34 and a 52 week high of $38.35. The company has a debt-to-equity ratio of 0.94, a current ratio of 6.10 and a quick ratio of 0.46.
In other M/I Homes news, CEO Robert H. Schottenstein sold 148,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $32.15, for a total transaction of $4,774,275.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP J Thomas Mason sold 27,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $35.84, for a total transaction of $985,600.00. Following the transaction, the vice president now owns 16,500 shares of the company’s stock, valued at approximately $591,360. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,000 shares of company stock valued at $8,235,425. 4.40% of the stock is owned by company insiders.
A number of brokerages recently issued reports on MHO. Zacks Investment Research upgraded shares of M/I Homes from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Friday, July 26th. TheStreet upgraded shares of M/I Homes from a “c+” rating to a “b” rating in a report on Friday, August 2nd. Finally, ValuEngine upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. M/I Homes currently has a consensus rating of “Buy” and an average price target of $31.67.
About M/I Homes
M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.
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