Entropy Technologies LP Has $443,000 Holdings in M/I Homes, Inc. (NYSE:MHO)

Entropy Technologies LP lessened its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 63.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,586 shares of the construction company's stock after selling 4,400 shares during the period. Entropy Technologies LP's holdings in M/I Homes were worth $443,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of M/I Homes during the third quarter worth approximately $27,000. Signaturefd LLC boosted its stake in shares of M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company's stock valued at $29,000 after buying an additional 71 shares during the period. CWM LLC boosted its stake in shares of 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 buying an additional 329 shares during the period. Quarry LP boosted its stake in shares of 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 buying an additional 333 shares during the period. Finally, EntryPoint Capital LLC boosted its stake in shares of M/I Homes by 89.1% in the first quarter. EntryPoint Capital LLC now owns 692 shares of the construction company's stock valued at $94,000 after buying an additional 326 shares during the period. Institutional investors own 95.14% of the company's stock.

Insider Buying and Selling at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the business'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 completion of the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MHO. Raymond James boosted their price target on M/I Homes from $200.00 to $210.00 and gave the company a "strong-buy" rating in a research note on Friday, August 2nd. StockNews.com cut M/I Homes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, 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.

M/I Homes Price Performance

MHO traded up $0.60 during trading on Friday, hitting $155.47. 285,704 shares of the stock traded hands, compared to its average volume of 277,341. M/I Homes, Inc. has a twelve month low of $102.02 and a twelve month high of $176.18. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 8.33 and a beta of 2.24. 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 business has a 50 day moving average price of $162.84 and a 200 day moving average price of $145.32.

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.