M/I Homes, Inc. (NYSE:MHO) Shares Purchased by West Oak Capital LLC

West Oak Capital LLC boosted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 4,865.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,965 shares of the construction company’s stock after purchasing an additional 4,865 shares during the period. West Oak Capital LLC’s holdings in M/I Homes were worth $660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in M/I Homes by 260.3% in the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock valued at $34,251,000 after buying an additional 144,406 shares during the last quarter. Vision Capital Corp acquired a new position in shares of M/I Homes during the third quarter worth about $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 lifted its stake in M/I Homes by 187.0% in the second quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock worth $9,673,000 after acquiring an additional 51,600 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in M/I Homes by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after acquiring an additional 50,330 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction on 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 transaction, the chief financial officer now owns 18,545 shares in the company, valued at $2,967,200. This trade represents a 51.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.70% of the stock is currently owned by company insiders.

M/I Homes Trading Down 2.9 %

MHO traded down $3.66 on Friday, reaching $124.22. 304,177 shares of the company’s stock were exchanged, compared to its average volume of 279,296. M/I Homes, Inc. has a twelve month low of $109.92 and a twelve month high of $176.18. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 6.66 and a beta of 2.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81. The company’s 50 day moving average is $150.43 and its 200-day moving average is $151.89.

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.