M/I Homes, Inc. (NYSE:MHO) Shares Bought by Fmr LLC

FMR LLC boosted its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 41.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,809 shares of the construction company's stock after purchasing an additional 28,355 shares during the quarter. FMR LLC owned about 0.35% of M/I Homes worth $16,589,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in M/I Homes during the third quarter worth $27,000. Signaturefd LLC boosted its stake in shares of M/I Homes by 42.8% during the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company's stock worth $29,000 after purchasing an additional 71 shares during the period. Daiwa Securities Group Inc. bought a new stake in M/I Homes in the third quarter worth about $86,000. CWM LLC boosted its position in shares of M/I Homes by 184.8% during 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. Finally, Private Trust Co. NA bought a new position in shares of M/I Homes during the third quarter valued at approximately $88,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Trading Down 1.0 %

NYSE:MHO traded down $1.65 during midday trading on Wednesday, hitting $156.48. The stock had a trading volume of 258,943 shares, compared to its average volume of 273,183. The stock has a 50-day moving average of $161.56 and a 200 day moving average of $150.08. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 8.47 and a beta of 2.23. M/I Homes, Inc. has a one year low of $109.92 and a one year high of $176.18. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33.

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 dated Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total value 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 approximately $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 SEC, which can be accessed through the SEC website. Insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MHO shares. StockNews.com downgraded M/I Homes from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Wedbush upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $155.00 to $185.00 in a 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.