World Investment Advisors LLC Makes New Investment in M/I Homes, Inc. (NYSE:MHO)

World Investment Advisors LLC bought a new stake in M/I Homes, Inc. (NYSE:MHO - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,418 shares of the construction company's stock, valued at approximately $4,698,000. World Investment Advisors LLC owned 0.10% of M/I Homes as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. CWM LLC raised its position in shares of M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company's stock valued at $62,000 after purchasing an additional 329 shares during the period. SG Americas Securities LLC boosted its holdings in shares of M/I Homes by 344.9% in the second quarter. SG Americas Securities LLC now owns 16,919 shares of the construction company's stock valued at $2,066,000 after purchasing an additional 13,116 shares during the period. Assenagon Asset Management S.A. grew its holdings in M/I Homes by 42.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company's stock worth $6,775,000 after acquiring an additional 16,413 shares in the last quarter. Nvest Financial LLC raised its stake in M/I Homes by 12.2% in the second quarter. Nvest Financial LLC now owns 1,733 shares of the construction company's stock worth $212,000 after buying an additional 189 shares in the last quarter. Finally, Summit Global Investments grew its stake in M/I Homes by 30.4% in the second quarter. Summit Global Investments now owns 10,788 shares of the construction company's stock valued at $1,318,000 after purchasing an additional 2,515 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MHO. Wedbush upgraded M/I Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $155.00 to $185.00 in a research note on Monday, November 4th. StockNews.com lowered shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st.

Insider Activity

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 18,545 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Insiders own 3.70% of the company's stock.

M/I Homes Stock Down 3.4 %

NYSE:MHO traded down $5.24 during trading hours on Friday, hitting $150.33. The company's stock had a trading volume of 126,042 shares, compared to its average volume of 273,083. The stock has a fifty day moving average of $161.11 and a 200-day moving average of $150.17. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.17 billion, a P/E ratio of 8.35 and a beta of 2.23. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18.

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.