Geode Capital Management LLC raised its stake in shares of M/I Homes, Inc. (NYSE:MHO – Free Report) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 723,797 shares of the construction company’s stock after purchasing an additional 21,575 shares during the quarter. Geode Capital Management LLC owned 2.61% of M/I Homes worth $124,050,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in shares of M/I Homes during the 3rd quarter worth approximately $27,000. Signaturefd LLC boosted its stake in shares of M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after purchasing an additional 71 shares in the last quarter. CWM LLC grew its holdings in shares of 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 purchasing an additional 329 shares during the last quarter. Quarry LP increased its holdings in shares of M/I Homes by 148.0% during the second quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after buying an additional 333 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of M/I Homes in the third quarter valued at approximately $86,000. 95.14% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
MHO has been the subject of several research reports. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $155.00 to $185.00 in a research note on Monday, November 4th. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.
M/I Homes Price Performance
Shares of MHO stock opened at $150.73 on Wednesday. The firm’s 50 day moving average price is $160.42 and its two-hundred day moving average price is $151.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18. The stock has a market cap of $4.18 billion, a PE ratio of 8.08 and a beta of 2.23.
Insider Activity
In other news, CFO Phillip G. Creek sold 20,000 shares of the company’s stock in a transaction dated 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 $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by company insiders.
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.
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