West Oak Capital LLC Purchases 4,865 Shares of M/I Homes, Inc. (NYSE:MHO)

West Oak Capital LLC boosted its stake in M/I Homes, Inc. (NYSE:MHO) by 4,865.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,965 shares of the construction company’s stock after acquiring an additional 4,865 shares during the quarter. West Oak Capital LLC’s holdings in M/I Homes were worth $660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in M/I Homes by 260.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock worth $34,251,000 after buying an additional 144,406 shares in the last quarter. Vision Capital Corp acquired a new position in M/I Homes during the third quarter worth approximately $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in M/I Homes by 129.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company’s stock valued at $21,342,000 after buying an additional 70,278 shares during the period. Renaissance Technologies LLC lifted its position 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 buying an additional 51,600 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of M/I Homes by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after acquiring an additional 50,330 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MHO shares. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock 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 report on Thursday, October 31st.

Insider Buying and Selling

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

M/I Homes Trading Down 2.9 %

Shares of NYSE:MHO traded down $3.66 during midday trading on Friday, hitting $124.22. 304,177 shares of the stock were exchanged, compared to its average volume of 279,296. The business’s 50-day moving average price is $150.43 and its 200 day moving average price is $151.89. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 6.66 and a beta of 2.29. M/I Homes, Inc. has a 12 month low of $109.92 and a 12 month 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.

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.