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

Burney Co. acquired a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,578 shares of the construction company's stock, valued at approximately $476,000.

Other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in M/I Homes by 18.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,506 shares of the construction company's stock worth $428,000 after buying an additional 542 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of M/I Homes by 7.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,384 shares of the construction company's stock valued at $658,000 after acquiring an additional 369 shares during the last quarter. Renaissance Technologies LLC grew 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 worth $9,673,000 after acquiring an additional 51,600 shares during the period. Hsbc Holdings PLC raised its holdings in shares of M/I Homes by 0.9% during the second quarter. Hsbc Holdings PLC now owns 20,694 shares of the construction company's stock valued at $2,532,000 after purchasing an additional 188 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in M/I Homes during the second quarter valued at approximately $358,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Stock Performance

Shares of NYSE:MHO traded up $1.25 during trading on Friday, hitting $138.27. The company's stock had a trading volume of 357,294 shares, compared to its average volume of 283,906. The company has a 50-day moving average of $147.20 and a 200-day moving average of $152.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 7.41 and a beta of 2.29. M/I Homes, Inc. has a 12 month low of $109.92 and a 12 month high of $176.18.

Analyst Ratings Changes

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

Insider Transactions at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction on 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 transaction, the chief financial officer now owns 18,545 shares in the company, valued at approximately $2,967,200. The trade was a 51.89 % decrease in their position. The transaction 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 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.