Intech Investment Management LLC Boosts Stake in M/I Homes, Inc. (NYSE:MHO)

Intech Investment Management LLC grew its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 100.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,245 shares of the construction company’s stock after buying an additional 4,635 shares during the quarter. Intech Investment Management LLC’s holdings in M/I Homes were worth $1,584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Signaturefd LLC raised its position in shares of M/I Homes by 42.8% during the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after buying an additional 71 shares in the last quarter. Bay Rivers Group grew its holdings in shares of M/I Homes by 1.7% during the 2nd quarter. Bay Rivers Group now owns 4,458 shares of the construction company’s stock valued at $544,000 after purchasing an additional 75 shares during the last quarter. Xponance Inc. grew its holdings in shares of M/I Homes by 4.9% during the 2nd quarter. Xponance Inc. now owns 1,718 shares of the construction company’s stock valued at $210,000 after purchasing an additional 80 shares during the last quarter. Truist Financial Corp grew its holdings in shares of M/I Homes by 1.4% during the 2nd quarter. Truist Financial Corp now owns 6,219 shares of the construction company’s stock valued at $760,000 after purchasing an additional 87 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in shares of M/I Homes by 4.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,136 shares of the construction company’s stock valued at $366,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other 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 value of $3,200,000.00. Following the completion of the sale, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

M/I Homes Price Performance

Shares of M/I Homes stock opened at $169.33 on Tuesday. The firm has a market cap of $4.70 billion, a PE ratio of 9.07 and a beta of 2.24. M/I Homes, Inc. has a 12-month low of $103.62 and a 12-month high of $176.18. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $162.75 and its two-hundred day simple moving average is $147.26.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MHO shares. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company 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. Finally, Raymond James increased their target price on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd.

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.