M/I Homes, Inc. (NYSE:MHO) Stake Lowered by Swiss National Bank

Swiss National Bank decreased its position in shares of M/I Homes, Inc. (NYSE:MHO) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,100 shares of the construction company’s stock after selling 600 shares during the quarter. Swiss National Bank owned about 0.19% of M/I Homes worth $9,271,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MHO. V Square Quantitative Management LLC bought a new stake in M/I Homes in the 3rd quarter valued at about $27,000. Signaturefd LLC raised its holdings in shares of M/I Homes by 42.8% during the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after buying an additional 71 shares during the last quarter. CWM LLC grew its holdings in M/I Homes by 184.8% in the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after buying an additional 329 shares in the last quarter. Quarry LP increased its position in M/I Homes by 148.0% in the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after acquiring an additional 333 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of M/I Homes by 90.6% during the third quarter. GAMMA Investing LLC now owns 606 shares of the construction company’s stock valued at $104,000 after purchasing an additional 288 shares during the period. Institutional investors own 95.14% of the company’s stock.

M/I Homes Trading Up 2.8 %

Shares of NYSE:MHO opened at $160.59 on Monday. M/I Homes, Inc. has a 52-week low of $103.62 and a 52-week high of $176.18. 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 has a market cap of $4.46 billion, a P/E ratio of 8.61 and a beta of 2.24. The stock’s 50-day moving average is $162.71 and its 200-day moving average is $146.77.

Insider Buying and Selling at M/I Homes

In other 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 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 represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

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

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.