Sanctuary Advisors LLC Sells 883 Shares of M/I Homes, Inc. (NYSE:MHO)

Sanctuary Advisors LLC decreased its holdings in M/I Homes, Inc. (NYSE:MHO) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,031 shares of the construction company’s stock after selling 883 shares during the period. Sanctuary Advisors LLC’s holdings in M/I Homes were worth $1,932,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. grew 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 acquiring an additional 144,406 shares during the last quarter. Vision Capital Corp bought a new stake in shares of M/I Homes during the 3rd quarter valued at approximately $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in M/I Homes by 129.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company’s stock worth $21,342,000 after purchasing an additional 70,278 shares in the last quarter. Renaissance Technologies LLC lifted its stake in M/I Homes by 187.0% in the 2nd 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 during the last quarter. Finally, American Century Companies Inc. boosted its position in M/I Homes by 7.7% in the second quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock valued at $85,984,000 after buying an additional 50,330 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Performance

NYSE MHO opened at $141.39 on Thursday. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 7.58 and a beta of 2.23. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a twelve month low of $109.92 and a twelve month high of $176.18. The stock has a fifty day simple moving average of $160.00 and a 200 day simple moving average of $151.06.

Insider Buying and Selling at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes 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 transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wedbush raised 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 report on Monday, November 4th. StockNews.com downgraded 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.