M/I Homes, Inc. (NYSE:MHO) CFO Phillip G. Creek Sells 20,000 Shares

M/I Homes, Inc. (NYSE:MHO) CFO Phillip G. Creek sold 20,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 18,545 shares in the company, valued at $2,967,200. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

M/I Homes Trading Up 2.1 %

M/I Homes stock opened at $164.33 on Friday. The company has a current ratio of 6.81, a quick ratio of 1.53 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 8.81 and a beta of 2.24. M/I Homes, Inc. has a 12 month low of $93.32 and a 12 month high of $176.18. The business’s fifty day simple moving average is $162.64 and its two-hundred day simple moving average is $143.68.

Institutional Investors Weigh In On M/I Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised 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 worth $34,251,000 after acquiring an additional 144,406 shares during the period. Renaissance Technologies LLC grew its holdings in shares of M/I Homes by 187.0% in the second quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock valued at $9,673,000 after purchasing an additional 51,600 shares in the last quarter. American Century Companies Inc. grew its stake in shares of M/I Homes by 7.7% in the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after buying an additional 50,330 shares in the last quarter. Royce & Associates LP increased its stake in M/I Homes by 30.0% during the third quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock worth $33,057,000 after acquiring an additional 44,559 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in M/I Homes by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock valued at $285,719,000 after buying an additional 39,542 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MHO. Raymond James upped 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 report on Friday, August 2nd. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and increased their price target for the company from $155.00 to $185.00 in a research report on Monday. Finally, StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

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.