M/I Homes, Inc. (NYSE:MHO) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 28.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,645 shares of the construction company's stock after selling 8,705 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.08% of M/I Homes worth $2,878,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in shares of M/I Homes in the second quarter valued at about $1,124,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in M/I Homes in the 3rd quarter valued at approximately $1,388,000. Renaissance Technologies LLC grew its holdings in M/I Homes by 187.0% during the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company's stock valued at $9,673,000 after buying an additional 51,600 shares during the last quarter. World Investment Advisors LLC acquired a new stake in M/I Homes during the 3rd quarter valued at $4,698,000. Finally, Algert Global LLC increased its position in M/I Homes by 23.8% during the second quarter. Algert Global LLC now owns 63,105 shares of the construction company's stock worth $7,708,000 after buying an additional 12,123 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at M/I Homes

In related 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 value of $3,200,000.00. Following the transaction, the chief financial officer now 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 filing with the SEC, which is accessible through the SEC website. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wedbush upgraded M/I Homes from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $155.00 to $185.00 in a research report on Monday, November 4th. StockNews.com lowered shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st.

M/I Homes Trading Down 2.9 %

Shares of NYSE:MHO traded down $3.66 during midday trading on Friday, reaching $124.22. The company's stock had a trading volume of 304,177 shares, compared to its average volume of 279,296. The business has a 50 day moving average price of $149.91 and a 200 day moving average price of $152.35. M/I Homes, Inc. has a 1 year low of $109.92 and a 1 year high of $176.18. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 6.66 and a beta of 2.29. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33.

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.