Charles Schwab Investment Management Inc. increased its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 462,081 shares of the construction company's stock after purchasing an additional 19,754 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.67% of M/I Homes worth $79,182,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. lifted its holdings in M/I Homes by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company's stock worth $85,984,000 after buying an additional 50,330 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of M/I Homes by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company's stock valued at $32,046,000 after acquiring an additional 13,782 shares during the period. Assenagon Asset Management S.A. boosted its holdings in M/I Homes by 260.3% in the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company's stock valued at $34,251,000 after acquiring an additional 144,406 shares during the last quarter. Royce & Associates LP lifted its position in M/I Homes by 30.0% during the 3rd quarter. Royce & Associates LP now owns 192,907 shares of the construction company's stock valued at $33,057,000 after purchasing an additional 44,559 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of M/I Homes by 0.3% in the 2nd quarter. Sei Investments Co. now owns 84,129 shares of the construction company's stock valued at $10,275,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on MHO. Wedbush raised shares of M/I Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $155.00 to $185.00 in a research note on Monday, November 4th. StockNews.com downgraded M/I Homes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, Raymond James raised their price target on M/I Homes from $200.00 to $210.00 and gave the stock a "strong-buy" rating in a research report on Friday, August 2nd.
Get Our Latest Stock Report on M/I Homes
M/I Homes Trading Down 0.4 %
NYSE MHO traded down $0.58 during trading on Thursday, reaching $164.54. 175,922 shares of the stock traded hands, compared to its average volume of 275,118. The stock's 50-day moving average price is $162.52 and its 200 day moving average price is $147.79. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 8.82 and a beta of 2.24. M/I Homes, Inc. has a fifty-two week low of $103.62 and a fifty-two week high of $176.18.
Insider Activity at M/I Homes
In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by corporate insiders.
M/I Homes Profile
(
Free Report)
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.
Read More
![Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=MHO)
Before you consider M/I Homes, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and M/I Homes wasn't on the list.
While M/I Homes currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.