Royce & Associates LP Increases Holdings in M/I Homes, Inc. (NYSE:MHO)

Royce & Associates LP lifted its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 30.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192,907 shares of the construction company's stock after acquiring an additional 44,559 shares during the period. Royce & Associates LP owned 0.70% of M/I Homes worth $33,057,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in M/I Homes by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company's stock valued at $285,719,000 after acquiring an additional 39,542 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of M/I Homes by 3.0% in the 1st 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. American Century Companies Inc. boosted its position in shares of 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 valued at $85,984,000 after purchasing an additional 50,330 shares during the period. Bank of New York Mellon Corp grew its stake in M/I Homes by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company's stock worth $32,046,000 after buying an additional 13,782 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in M/I Homes by 260.3% during the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company's stock worth $34,251,000 after buying an additional 144,406 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Stock Performance

M/I Homes stock traded up $0.55 during mid-day trading on Friday, reaching $155.42. 285,704 shares of the company were exchanged, compared to its average volume of 277,341. The firm has a market cap of $4.31 billion, a PE ratio of 8.34 and a beta of 2.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81. The firm's 50-day simple moving average is $162.88 and its two-hundred day simple moving average is $145.08. M/I Homes, Inc. has a twelve month low of $102.02 and a twelve month high of $176.18.

Analyst Ratings Changes

Several research firms have recently weighed in on MHO. Raymond James raised their target price on shares of M/I Homes from $200.00 to $210.00 and gave the stock a "strong-buy" rating in a research report on Friday, August 2nd. Wedbush raised shares of M/I Homes from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $155.00 to $185.00 in a research report on Monday, November 4th. Finally, StockNews.com lowered shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st.

Insider Buying and Selling

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction that occurred 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 sale, the chief financial officer now owns 18,545 shares of the company's stock, valued at approximately $2,967,200. The trade was a 51.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.