Quadrature Capital Ltd Purchases New Position in M/I Homes, Inc. (NYSE:MHO)

Quadrature Capital Ltd acquired a new position in shares of M/I Homes, Inc. (NYSE:MHO) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,052 shares of the construction company’s stock, valued at approximately $351,000.

Other hedge funds also recently made changes to their positions in the company. Petrus Trust Company LTA acquired a new stake in shares of M/I Homes in the 3rd quarter valued at about $1,018,000. HighTower Advisors LLC increased its position in M/I Homes by 19.1% during the third quarter. HighTower Advisors LLC now owns 2,597 shares of the construction company’s stock worth $447,000 after buying an additional 416 shares during the period. Centiva Capital LP purchased a new stake in M/I Homes in the third quarter valued at approximately $759,000. Basswood Capital Management L.L.C. boosted its holdings in shares of M/I Homes by 1.8% in the third quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company’s stock valued at $53,916,000 after acquiring an additional 5,571 shares during the period. Finally, Paloma Partners Management Co purchased a new position in shares of M/I Homes during the third quarter worth approximately $531,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Transactions at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MHO has been the subject of several research reports. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and upped their target price for the company from $155.00 to $185.00 in a report on Monday, November 4th.

M/I Homes Price Performance

M/I Homes stock opened at $160.88 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. The business has a 50 day simple moving average of $161.84 and a 200-day simple moving average of $149.85. M/I Homes, Inc. has a 12 month low of $109.92 and a 12 month high of $176.18. The stock has a market capitalization of $4.46 billion, a PE ratio of 8.62 and a beta of 2.23.

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.