Barclays PLC Boosts Stock Position in M/I Homes, Inc. (NYSE:MHO)

Barclays PLC raised its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 45.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 126,577 shares of the construction company's stock after buying an additional 39,711 shares during the period. Barclays PLC owned about 0.46% of M/I Homes worth $21,690,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Westfield Capital Management Co. LP grew its holdings in M/I Homes by 3.7% during the third quarter. Westfield Capital Management Co. LP now owns 1,107,024 shares of the construction company's stock worth $189,700,000 after acquiring an additional 39,492 shares during the period. American Century Companies Inc. boosted its position in M/I Homes by 7.7% in the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company's stock worth $85,984,000 after purchasing an additional 50,330 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of M/I Homes by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company's stock worth $79,182,000 after purchasing an additional 19,754 shares during the period. Basswood Capital Management L.L.C. increased its holdings in shares of M/I Homes by 1.8% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company's stock valued at $53,916,000 after purchasing an additional 5,571 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of M/I Homes by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company's stock valued at $32,046,000 after purchasing an additional 13,782 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

Insider Activity at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 of the company's stock, valued at approximately $2,967,200. This represents a 51.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MHO. Wedbush upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $155.00 to $185.00 in a research report on Monday, November 4th. StockNews.com downgraded M/I Homes from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st.

M/I Homes Price Performance

NYSE:MHO traded down $3.70 during trading hours on Friday, reaching $151.87. 291,998 shares of the company were exchanged, compared to its average volume of 273,793. The stock's 50-day moving average is $160.84 and its 200-day moving average is $150.54. M/I Homes, Inc. has a twelve month low of $109.92 and a twelve month high of $176.18. The firm has a market cap of $4.21 billion, a PE ratio of 8.14 and a beta of 2.23. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33.

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.