Bridgewater Associates LP Sells 9,397 Shares of M/I Homes, Inc. (NYSE:MHO)

Bridgewater Associates LP trimmed its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 36.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,466 shares of the construction company's stock after selling 9,397 shares during the period. Bridgewater Associates LP owned about 0.06% of M/I Homes worth $2,822,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in M/I Homes in the third quarter valued at about $27,000. Signaturefd LLC grew its stake in shares of M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company's stock valued at $29,000 after buying an additional 71 shares in the last quarter. CWM LLC increased its holdings in M/I Homes by 184.8% in the second quarter. CWM LLC now owns 507 shares of the construction company's stock worth $62,000 after buying an additional 329 shares during the last quarter. Quarry LP boosted its holdings in M/I Homes by 148.0% in the second 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, Daiwa Securities Group Inc. bought a new stake in shares of M/I Homes during the 3rd quarter worth about $86,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MHO has been the topic of a number of research reports. StockNews.com lowered shares of 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 raised their price target for the stock from $155.00 to $185.00 in a research note on Monday, November 4th.

M/I Homes Stock Up 0.3 %

Shares of M/I Homes stock traded up $0.49 on Friday, hitting $165.03. The company had a trading volume of 102,147 shares, compared to its average volume of 249,253. The stock has a 50-day moving average of $162.43 and a 200-day moving average of $148.23. The firm has a market capitalization of $4.58 billion, a P/E ratio of 8.84 and a beta of 2.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. M/I Homes, Inc. has a twelve month low of $103.63 and a twelve month high of $176.18.

Insider Activity

In related news, CFO Phillip G. Creek sold 20,000 shares of the business's 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 owns 18,545 shares of the company's stock, valued at $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 is available 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.