Assenagon Asset Management S.A. Sells 91,501 Shares of M/I Homes, Inc. (NYSE:MHO)

Assenagon Asset Management S.A. lowered its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 45.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,376 shares of the construction company's stock after selling 91,501 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.39% of M/I Homes worth $14,409,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MHO. Canada Pension Plan Investment Board acquired a new position in M/I Homes in the 2nd quarter worth about $1,124,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of M/I Homes during the third quarter worth about $1,388,000. Renaissance Technologies LLC increased its stake 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. West Oak Capital LLC raised its holdings in M/I Homes by 4,865.0% in the 4th quarter. West Oak Capital LLC now owns 4,965 shares of the construction company's stock valued at $660,000 after buying an additional 4,865 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new stake in M/I Homes during the 3rd quarter worth approximately $4,698,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Phillip G. Creek sold 20,000 shares of the company'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 sale, the chief financial officer now owns 18,545 shares in the company, valued at $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.70% of the company's stock.

M/I Homes Trading Up 0.9 %

NYSE:MHO traded up $1.25 on Friday, reaching $138.27. 357,294 shares of the stock traded hands, compared to its average volume of 283,906. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The company's 50 day moving average is $147.20 and its 200-day moving average is $152.65. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 7.41 and a beta of 2.29.

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 research note on Thursday, October 31st. Wedbush raised M/I Homes from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $155.00 to $185.00 in a research report on Monday, November 4th.

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.