Burney Co. Buys Shares of 3,578 M/I Homes, Inc. (NYSE:MHO)

Burney Co. purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,578 shares of the construction company’s stock, valued at approximately $476,000.

A number of other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in M/I Homes by 18.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,506 shares of the construction company’s stock valued at $428,000 after acquiring an additional 542 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of M/I Homes by 7.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,384 shares of the construction company’s stock worth $658,000 after purchasing an additional 369 shares in the last quarter. Renaissance Technologies LLC grew its stake in M/I Homes by 187.0% during the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock worth $9,673,000 after buying an additional 51,600 shares during the last quarter. Hsbc Holdings PLC increased its position in M/I Homes by 0.9% during the 2nd quarter. Hsbc Holdings PLC now owns 20,694 shares of the construction company’s stock valued at $2,532,000 after buying an additional 188 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in M/I Homes in the second quarter valued at about $358,000. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MHO shares. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and upped their price target for the company from $155.00 to $185.00 in a research note on Monday, November 4th.

Insider Buying and Selling

In related news, CFO Phillip G. Creek sold 20,000 shares of the 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 transaction, the chief financial officer now owns 18,545 shares in the company, valued at approximately $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

M/I Homes Stock Up 0.9 %

M/I Homes stock opened at $138.27 on Friday. The business’s 50-day simple moving average is $147.20 and its two-hundred day simple moving average is $152.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81. The company has a market cap of $3.84 billion, a PE ratio of 7.41 and a beta of 2.29. M/I Homes, Inc. has a fifty-two week low of $109.92 and a fifty-two week high of $176.18.

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.