M/I Homes, Inc. (NYSE:MHO) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 260.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,877 shares of the construction company's stock after acquiring an additional 144,406 shares during the period. Assenagon Asset Management S.A. owned approximately 0.72% of M/I Homes worth $34,251,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MHO. Vanguard Group Inc. increased its position in shares of M/I Homes by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company's stock worth $283,313,000 after acquiring an additional 95,437 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of M/I Homes by 187.0% in the second quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company's stock valued at $9,673,000 after purchasing an additional 51,600 shares during the period. American Century Companies Inc. boosted its stake in shares of M/I Homes by 7.7% in the second quarter. American Century Companies Inc. now owns 703,983 shares of the construction company's stock valued at $85,984,000 after purchasing an additional 50,330 shares during the period. Westfield Capital Management Co. LP boosted its stake in shares of M/I Homes by 3.0% in the first quarter. Westfield Capital Management Co. LP now owns 1,219,989 shares of the construction company's stock valued at $166,272,000 after purchasing an additional 35,558 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of M/I Homes in the first quarter valued at $4,281,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

MHO has been the subject of several analyst reports. StockNews.com downgraded shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a research note on Friday, October 18th. Raymond James upped their target price 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.

M/I Homes Stock Down 1.8 %

NYSE MHO traded down $2.91 during trading hours on Friday, reaching $157.36. 178,920 shares of the company traded hands, compared to its average volume of 274,705. M/I Homes, Inc. has a 12 month low of $78.04 and a 12 month high of $176.18. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.37 billion, a PE ratio of 8.72 and a beta of 2.23. The company has a 50 day moving average of $162.47 and a two-hundred day moving average of $140.87.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, beating analysts' consensus estimates of $4.60 by $0.52. M/I Homes had a net margin of 12.67% and a return on equity of 20.50%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $4.12 EPS. As a group, equities analysts expect that M/I Homes, Inc. will post 19.76 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Phillip G. Creek sold 2,767 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.24, for a total value of $459,986.08. Following the sale, the chief financial officer now owns 18,545 shares of the company's stock, valued at $3,082,920.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Phillip G. Creek sold 2,767 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.24, for a total value of $459,986.08. Following the sale, the chief financial officer now owns 18,545 shares of the company's stock, valued at $3,082,920.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert H. Schottenstein sold 2,089 shares of the firm's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.12, for a total transaction of $347,024.68. Following the transaction, the chief executive officer now directly owns 122,951 shares in the company, valued at approximately $20,424,620.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

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.