Mutual of America Capital Management LLC Sells 439 Shares of M/I Homes, Inc. (NYSE:MHO)

Mutual of America Capital Management LLC reduced its position in shares of M/I Homes, Inc. (NYSE:MHO) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,123 shares of the construction company’s stock after selling 439 shares during the quarter. Mutual of America Capital Management LLC’s holdings in M/I Homes were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in shares of M/I Homes by 42.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company’s stock worth $6,775,000 after buying an additional 16,413 shares during the period. Boston Partners acquired a new stake in M/I Homes during the 1st quarter worth $1,210,000. Tidal Investments LLC raised its position in shares of M/I Homes by 621.1% during the 1st quarter. Tidal Investments LLC now owns 12,944 shares of the construction company’s stock valued at $1,764,000 after acquiring an additional 11,149 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of M/I Homes in the 2nd quarter valued at $1,124,000. Finally, Vanguard Group Inc. boosted its position in shares of M/I Homes by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock worth $285,719,000 after purchasing an additional 39,542 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Stock Performance

MHO stock opened at $165.13 on Wednesday. M/I Homes, Inc. has a 1-year low of $103.62 and a 1-year high of $176.18. 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 market cap of $4.58 billion, a PE ratio of 8.85 and a beta of 2.24. The business’s 50-day moving average price is $162.72 and its two-hundred day moving average price is $147.56.

Insider Transactions at M/I Homes

In related 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 transaction 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 represents a 51.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

MHO has been the subject of a number of recent analyst reports. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $155.00 to $185.00 in a report on Monday, November 4th. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Raymond James lifted 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 research note on Friday, August 2nd.

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.