Geode Capital Management LLC Purchases 21,575 Shares of M/I Homes, Inc. (NYSE:MHO)

Geode Capital Management LLC boosted its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 723,797 shares of the construction company’s stock after acquiring an additional 21,575 shares during the period. Geode Capital Management LLC’s holdings in M/I Homes were worth $124,050,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MHO. Assenagon Asset Management S.A. lifted its holdings in shares of 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 valued at $34,251,000 after purchasing an additional 144,406 shares in the last quarter. Vision Capital Corp acquired a new stake in M/I Homes during the 3rd quarter worth approximately $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 in the last quarter. Renaissance Technologies LLC boosted 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 buying an additional 51,600 shares during the period. Finally, American Century Companies Inc. increased its position in shares of M/I Homes by 7.7% during the second 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 in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. This represents a 51.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and upped their target price for the stock 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 research report on Thursday, October 31st.

M/I Homes Price Performance

NYSE MHO opened at $150.73 on Wednesday. M/I Homes, Inc. has a 12-month low of $109.92 and a 12-month high of $176.18. The firm’s 50 day moving average is $160.42 and its 200-day moving average is $151.13. The company has a market capitalization of $4.18 billion, a PE ratio of 8.08 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 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.