State of New Jersey Common Pension Fund D Buys Shares of 12,053 M/I Homes, Inc. (NYSE:MHO)

State of New Jersey Common Pension Fund D acquired a new position in M/I Homes, Inc. (NYSE:MHO - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,053 shares of the construction company's stock, valued at approximately $2,065,000.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC raised its position in shares of M/I Homes by 48.3% during the 1st quarter. SG Americas Securities LLC now owns 3,803 shares of the construction company's stock valued at $518,000 after buying an additional 1,238 shares in the last quarter. Swiss National Bank lifted its stake in shares of M/I Homes by 0.4% in the 1st quarter. Swiss National Bank now owns 55,000 shares of the construction company's stock valued at $7,496,000 after purchasing an additional 200 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of M/I Homes by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 5,453 shares of the construction company's stock worth $743,000 after purchasing an additional 373 shares during the period. Spirepoint Private Client LLC bought a new position in shares of M/I Homes during the 1st quarter valued at approximately $205,000. 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. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Trading Up 0.4 %

Shares of M/I Homes stock traded up $0.60 on Friday, hitting $155.47. 285,704 shares of the company traded hands, compared to its average volume of 277,341. The stock's 50 day moving average price is $162.84 and its 200-day moving average price is $145.32. The company has a market cap of $4.31 billion, a PE ratio of 8.33 and a beta of 2.24. M/I Homes, Inc. has a 52 week low of $102.02 and a 52 week high of $176.18. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33.

Wall Street Analyst Weigh In

Several research analysts have commented on MHO shares. StockNews.com lowered shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Raymond James upped their price target on shares of M/I Homes from $200.00 to $210.00 and gave the company a "strong-buy" rating in a report on Friday, August 2nd. Finally, Wedbush raised shares of M/I Homes from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $155.00 to $185.00 in a research note on Monday, November 4th.

Insider Activity

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the sale, the chief financial officer now owns 18,545 shares of the company's stock, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.70% of the company's stock.

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.