M/I Homes, Inc. (NYSE:MHO) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lowered its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,282 shares of the construction company's stock after selling 3,696 shares during the period. Empowered Funds LLC owned approximately 0.36% of M/I Homes worth $17,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in M/I Homes during the 3rd quarter valued at $27,000. Signaturefd LLC boosted its stake in shares of 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 purchasing an additional 71 shares during the period. CWM LLC boosted its stake in shares of 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 purchasing an additional 329 shares during the period. Quarry LP grew its holdings in shares of 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 during the last quarter. Finally, GAMMA Investing LLC increased 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 buying an additional 288 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Stock Up 0.4 %

Shares of NYSE MHO traded up $0.55 during midday trading on Friday, reaching $155.42. 285,704 shares of the company's stock traded hands, compared to its average volume of 277,341. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 8.34 and a beta of 2.24. The stock's 50 day simple moving average is $162.88 and its 200-day simple moving average is $145.08. 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, Inc. has a one year low of $102.02 and a one year high of $176.18.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, CFO Phillip G. Creek sold 20,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was 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 of the company's stock, valued at approximately $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. 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 company insiders.

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.