3,097 Shares in M/I Homes, Inc. (NYSE:MHO) Purchased by Paloma Partners Management Co

Paloma Partners Management Co bought a new position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,097 shares of the construction company's stock, valued at approximately $531,000.

A number of other hedge funds also recently made changes to their positions in the company. Westfield Capital Management Co. LP boosted its holdings in M/I Homes by 3.7% in 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 purchasing an additional 39,492 shares during the period. American Century Companies Inc. increased its stake 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 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 valued at $79,182,000 after acquiring an additional 19,754 shares in the last quarter. Bank of New York Mellon Corp grew 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 buying an additional 13,782 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of M/I Homes by 260.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company's stock valued at $34,251,000 after buying an additional 144,406 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Insider Buying and Selling at M/I Homes

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 owns 18,545 shares of the company's stock, valued at $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.70% of the company's stock.

M/I Homes Price Performance

NYSE:MHO traded down $5.68 during trading hours on Wednesday, reaching $162.29. The company had a trading volume of 248,158 shares, compared to its average volume of 274,115. The stock has a 50-day moving average of $162.36 and a two-hundred day moving average of $148.98. M/I Homes, Inc. has a one year low of $109.04 and a one year high of $176.18. The firm has a market capitalization of $4.50 billion, a PE ratio of 8.70 and a beta of 2.23. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MHO. StockNews.com lowered M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Wedbush upgraded M/I Homes from a "neutral" rating to an "outperform" rating and upped their target price for the company from $155.00 to $185.00 in a research note on Monday, November 4th.

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.