Farther Finance Advisors LLC Purchases 746 Shares of M/I Homes, Inc. (NYSE:MHO)

Farther Finance Advisors LLC grew its position in M/I Homes, Inc. (NYSE:MHO) by 240.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,056 shares of the construction company’s stock after buying an additional 746 shares during the quarter. Farther Finance Advisors LLC’s holdings in M/I Homes were worth $181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in M/I Homes by 1.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,323 shares of the construction company’s stock worth $1,680,000 after purchasing an additional 205 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of M/I Homes by 50.1% in the first quarter. BNP Paribas Financial Markets now owns 22,663 shares of the construction company’s stock worth $3,089,000 after buying an additional 7,561 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of M/I Homes by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 24,373 shares of the construction company’s stock worth $3,322,000 after buying an additional 316 shares during the period. Quantbot Technologies LP acquired a new stake in shares of M/I Homes during the first quarter worth $1,015,000. Finally, SG Americas Securities LLC grew its holdings in shares of M/I Homes by 48.3% during the first quarter. SG Americas Securities LLC now owns 3,803 shares of the construction company’s stock valued at $518,000 after buying an additional 1,238 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Performance

NYSE:MHO opened at $167.03 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.53 and a current ratio of 6.81. The stock has a market capitalization of $4.64 billion, a PE ratio of 8.95 and a beta of 2.24. M/I Homes, Inc. has a fifty-two week low of $93.32 and a fifty-two week high of $176.18. The company has a fifty day moving average of $162.79 and a two-hundred day moving average of $144.23.

Analysts Set New Price Targets

A number of brokerages have commented on MHO. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $155.00 to $185.00 in a research report on Monday, November 4th. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Raymond James upped their target price on M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd.

Insider Activity at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the completion of the sale, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $2,967,200. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is owned by corporate insiders.

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.