Thu. Sep 21st, 2023
    American Century Companies Inc. Increases Stake in M/I Homes, Inc.

    American Century Companies Inc. has boosted its stake in M/I Homes, Inc., a construction company, by 92% in the first quarter. According to its filing with the SEC, American Century Companies Inc. now owns 263,340 shares of M/I Homes, worth $16,614,000.

    Other institutional investors and hedge funds have also made changes to their holdings in the company. Captrust Financial Advisors increased its holdings in M/I Homes by 28.6% during the first quarter, while Point72 Hong Kong Ltd purchased a new stake in the company worth $43,000. Public Employees Retirement System of Ohio and Tower Research Capital LLC TRC also grew their stakes in M/I Homes.

    In related news, CEO Robert H. Schottenstein sold 1,441 shares of M/I Homes stock. Analysts have set new price targets for M/I Homes, with Wedbush raising its price objective and giving the stock an “outperform” rating.

    M/I Homes stock opened at $98.19 on Friday, with a market cap of $2.73 billion and a beta of 1.98. The company has a debt-to-equity ratio of 0.38 and a current ratio of 6.11.

    M/I Homes is a builder of single-family homes operating in several states across the US. It designs, constructs, markets, and sells homes to a variety of buyers. The company recently reported earnings, beating the consensus estimate and posting a net margin of 11.38%. Analysts expect M/I Homes to post an EPS of 16.88 for the current year.

    – SEC filing
    – MarketBeat