M/I Homes, Inc. (NYSE:MHO) Position Cut by Amalgamated Bank

Amalgamated Bank lowered its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,074 shares of the construction company’s stock after selling 377 shares during the period. Amalgamated Bank’s holdings in M/I Homes were worth $1,384,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MHO. V Square Quantitative Management LLC bought a new position in M/I Homes in the 3rd quarter valued at about $27,000. Signaturefd LLC boosted its holdings in shares of M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after acquiring an additional 71 shares in the last quarter. CWM LLC increased its stake in shares of M/I Homes by 184.8% during the second quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after acquiring an additional 329 shares during the period. Quarry LP raised its holdings in M/I Homes by 148.0% during the second quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after purchasing an additional 333 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its position in M/I Homes by 89.1% in the first quarter. EntryPoint Capital LLC now owns 692 shares of the construction company’s stock worth $94,000 after purchasing an additional 326 shares during the period. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Raymond James lifted their target price on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. Finally, Wedbush upgraded shares of 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 research report on Monday, November 4th.

M/I Homes Trading Down 1.6 %

M/I Homes stock opened at $153.50 on Thursday. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 8.43 and a beta of 2.24. M/I Homes, Inc. has a 1 year low of $100.00 and a 1 year high of $176.18. The firm’s 50 day moving average price is $162.94 and its two-hundred day moving average price is $144.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81.

Insider Transactions at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the sale, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $2,967,200. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.70% of the company’s stock.

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.