UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in M/I Homes, Inc. (NYSE:MHO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 129.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,546 shares of the construction company's stock after acquiring an additional 70,278 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.45% of M/I Homes worth $21,342,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MHO. Westfield Capital Management Co. LP increased its position in M/I Homes by 3.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,107,024 shares of the construction company's stock valued at $189,700,000 after acquiring an additional 39,492 shares during the period. American Century Companies Inc. raised its stake in shares of M/I Homes by 7.7% during the second 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 during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of M/I Homes by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company's stock worth $79,182,000 after purchasing an additional 19,754 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of M/I Homes by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company's stock worth $32,046,000 after purchasing an additional 13,782 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in 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 during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the business's stock in a transaction that occurred 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.70% of the company's stock.

M/I Homes Price Performance

NYSE:MHO traded down $0.46 during trading hours on Friday, hitting $159.35. The company's stock had a trading volume of 219,626 shares, compared to its average volume of 273,809. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18. 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 business's 50-day moving average is $162.05 and its two-hundred day moving average is $149.25. The company has a market capitalization of $4.42 billion, a PE ratio of 8.54 and a beta of 2.23.

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.