US Bancorp DE Sells 600 Shares of M/I Homes, Inc. (NYSE:MHO)

US Bancorp DE lessened its holdings in M/I Homes, Inc. (NYSE:MHO) by 16.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,009 shares of the construction company’s stock after selling 600 shares during the period. US Bancorp DE’s holdings in M/I Homes were worth $516,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in M/I Homes by 42.0% in the second quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company’s stock worth $6,775,000 after purchasing an additional 16,413 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in M/I Homes in the first quarter worth about $776,000. Boston Partners acquired a new position in M/I Homes in the first quarter worth about $1,210,000. Seven Eight Capital LP increased its holdings in shares of M/I Homes by 151.2% during the first quarter. Seven Eight Capital LP now owns 13,057 shares of the construction company’s stock worth $1,780,000 after buying an additional 7,859 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of M/I Homes by 621.1% during the first quarter. Tidal Investments LLC now owns 12,944 shares of the construction company’s stock worth $1,764,000 after buying an additional 11,149 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

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 that occurred on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total value of $3,200,000.00. Following the completion of the sale, the chief financial officer now owns 18,545 shares of the company’s stock, valued at $2,967,200. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Raymond James raised 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 lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their price target for the company from $155.00 to $185.00 in a report on Monday, November 4th.

M/I Homes Stock Performance

Shares of M/I Homes stock opened at $166.03 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.53. The firm has a market cap of $4.61 billion, a P/E ratio of 8.90 and a beta of 2.24. The firm has a 50 day simple moving average of $162.79 and a 200 day simple moving average of $144.38. M/I Homes, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $176.18.

M/I Homes Company 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.