Intech Investment Management LLC Increases Stock Position in M/I Homes, Inc. (NYSE:MHO)

Intech Investment Management LLC increased its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 100.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,245 shares of the construction company's stock after purchasing an additional 4,635 shares during the period. Intech Investment Management LLC's holdings in M/I Homes were worth $1,584,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in M/I Homes in the 3rd quarter worth $27,000. Signaturefd LLC lifted its stake in M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company's stock worth $29,000 after purchasing an additional 71 shares in the last quarter. CWM LLC lifted its stake in M/I Homes by 184.8% in the 2nd quarter. CWM LLC now owns 507 shares of the construction company's stock worth $62,000 after purchasing an additional 329 shares in the last quarter. Quarry LP lifted its stake in M/I Homes by 148.0% in the 2nd quarter. Quarry LP now owns 558 shares of the construction company's stock worth $68,000 after purchasing an additional 333 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in M/I Homes by 90.6% in the 3rd 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. 95.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on MHO. Wedbush upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $155.00 to $185.00 in a research note on Monday, November 4th. Raymond James boosted their price target on shares of M/I Homes from $200.00 to $210.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 2nd. Finally, StockNews.com downgraded shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st.

Insider Activity at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is currently owned by insiders.

M/I Homes Price Performance

Shares of M/I Homes stock traded down $4.01 during trading hours on Tuesday, reaching $165.13. The company's stock had a trading volume of 268,631 shares, compared to its average volume of 275,551. The firm has a 50 day moving average price of $162.72 and a 200-day moving average price of $147.56. M/I Homes, Inc. has a one year low of $103.62 and a one year high of $176.18. 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 stock has a market cap of $4.58 billion, a P/E ratio of 8.85 and a beta of 2.24.

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.