Citigroup Inc. Boosts Position in M/I Homes, Inc. (NYSE:MHO)

Citigroup Inc. boosted its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 48.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,705 shares of the construction company's stock after acquiring an additional 18,173 shares during the quarter. Citigroup Inc. owned 0.20% of M/I Homes worth $9,546,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in M/I Homes during the 3rd quarter worth about $27,000. Signaturefd LLC lifted its stake in M/I Homes by 42.8% during the second quarter. Signaturefd LLC now owns 237 shares of the construction company's stock worth $29,000 after purchasing an additional 71 shares during the last quarter. CWM LLC boosted its holdings in M/I Homes by 184.8% in the second quarter. CWM LLC now owns 507 shares of the construction company's stock valued at $62,000 after purchasing an additional 329 shares in the last quarter. Quarry LP increased its stake in M/I Homes by 148.0% in the second quarter. Quarry LP now owns 558 shares of the construction company's stock valued at $68,000 after purchasing an additional 333 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in M/I Homes by 90.6% during the third quarter. GAMMA Investing LLC now owns 606 shares of the construction company's stock worth $104,000 after purchasing an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Stock Performance

Shares of M/I Homes stock traded up $0.49 during trading on Friday, reaching $165.03. The company's stock had a trading volume of 102,147 shares, compared to its average volume of 274,369. The firm has a market cap of $4.58 billion, a PE ratio of 8.86 and a beta of 2.24. M/I Homes, Inc. has a fifty-two week low of $103.63 and a fifty-two week high of $176.18. The company has a 50-day moving average price of $162.43 and a two-hundred day moving average price of $148.08. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33.

Insiders Place Their Bets

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the business's 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 sale, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $2,967,200. The trade was a 51.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MHO has been the topic of a number of recent analyst reports. Raymond James increased their target price on shares of M/I Homes from $200.00 to $210.00 and gave the company a "strong-buy" rating in a research report on Friday, August 2nd. Wedbush raised 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 report on Monday, November 4th. Finally, StockNews.com downgraded M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st.

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.