HighTower Advisors LLC Acquires 416 Shares of M/I Homes, Inc. (NYSE:MHO)

HighTower Advisors LLC boosted its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 19.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,597 shares of the construction company’s stock after purchasing an additional 416 shares during the period. HighTower Advisors LLC’s holdings in M/I Homes were worth $447,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MHO. Assenagon Asset Management S.A. lifted its holdings in M/I Homes by 260.3% during the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock worth $34,251,000 after acquiring an additional 144,406 shares in the last quarter. Vision Capital Corp bought a new position in M/I Homes in the 3rd quarter valued at about $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of M/I Homes by 129.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company’s stock valued at $21,342,000 after acquiring an additional 70,278 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of M/I Homes by 187.0% in the second quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock valued at $9,673,000 after buying an additional 51,600 shares during the period. Finally, American Century Companies Inc. lifted its position in M/I Homes by 7.7% during the second quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after purchasing an additional 50,330 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total value of $3,200,000.00. Following the completion of the transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

M/I Homes Price Performance

MHO stock opened at $133.97 on Friday. The firm has a market capitalization of $3.72 billion, a P/E ratio of 7.18 and a beta of 2.23. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $158.93 and a 200-day moving average of $151.21. M/I Homes, Inc. has a 12 month low of $109.92 and a 12 month high of $176.18.

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.