Entropy Technologies LP Sells 4,400 Shares of M/I Homes, Inc. (NYSE:MHO)

Entropy Technologies LP cut its holdings in M/I Homes, Inc. (NYSE:MHO) by 63.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,586 shares of the construction company’s stock after selling 4,400 shares during the quarter. Entropy Technologies LP’s holdings in M/I Homes were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. State of New Jersey Common Pension Fund D bought a new stake in M/I Homes in the third quarter valued at $2,065,000. Colonial River Investments LLC purchased a new stake in shares of M/I Homes in the 3rd quarter worth about $397,000. Axxcess Wealth Management LLC bought a new stake in shares of M/I Homes during the 3rd quarter valued at about $395,000. Assetmark Inc. increased its position in shares of M/I Homes by 3.9% during the third quarter. Assetmark Inc. now owns 43,498 shares of the construction company’s stock valued at $7,454,000 after buying an additional 1,626 shares during the period. Finally, Olympiad Research LP raised its stake in M/I Homes by 7.2% in the third quarter. Olympiad Research LP now owns 2,247 shares of the construction company’s stock worth $385,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

MHO has been the topic of a number of research analyst reports. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $155.00 to $185.00 in a research note on Monday, November 4th. Finally, Raymond James raised their price objective 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.

M/I Homes Price Performance

Shares of NYSE MHO opened at $155.42 on Friday. The company has a 50 day simple moving average of $162.88 and a two-hundred day simple moving average of $145.08. M/I Homes, Inc. has a fifty-two week low of $102.02 and a fifty-two week high of $176.18. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 8.33 and a beta of 2.24. 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 Buying and Selling

In other news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction dated 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 $2,967,200. The trade was a 51.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by company insiders.

About M/I Homes

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.