Franklin Resources Inc. Has $112.50 Million Stock Position in M/I Homes, Inc. (NYSE:MHO)

Franklin Resources Inc. lessened its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 671,803 shares of the construction company's stock after selling 29,497 shares during the period. Franklin Resources Inc. owned 2.42% of M/I Homes worth $112,500,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in M/I Homes in the 3rd quarter worth $27,000. Signaturefd LLC increased 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 valued at $29,000 after acquiring an additional 71 shares during the period. CWM LLC increased its stake in 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 acquiring an additional 329 shares during the period. Quarry LP raised its holdings in M/I Homes by 148.0% in the 2nd quarter. Quarry LP now owns 558 shares of the construction company's stock valued at $68,000 after acquiring an additional 333 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in shares of M/I Homes in the 3rd quarter worth approximately $86,000. Institutional investors own 95.14% of the company's stock.

M/I Homes Trading Up 1.8 %

MHO stock traded up $2.80 during midday trading on Monday, reaching $154.67. The company's stock had a trading volume of 301,297 shares, compared to its average volume of 273,908. The business's 50-day simple moving average is $160.84 and its 200-day simple moving average is $150.74. The stock has a market cap of $4.29 billion, a PE ratio of 8.14 and a beta of 2.23. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MHO shares. StockNews.com cut M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Wedbush raised shares of 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.

Insider Buying and Selling

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.70% of the stock is owned by insiders.

About M/I Homes

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.