Verition Fund Management LLC Raises Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Verition Fund Management LLC boosted its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 206.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,733 shares of the construction company's stock after purchasing an additional 4,533 shares during the quarter. Verition Fund Management LLC's holdings in M/I Homes were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in shares of M/I Homes in the 3rd quarter worth approximately $27,000. Signaturefd LLC lifted its holdings in shares of M/I Homes by 42.8% during the 2nd 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 last quarter. CWM LLC grew its stake in M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company's stock worth $62,000 after buying an additional 329 shares during the last quarter. Quarry LP raised its stake in M/I Homes by 148.0% in the second quarter. Quarry LP now owns 558 shares of the construction company's stock valued at $68,000 after buying an additional 333 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of M/I Homes during the third quarter valued at about $86,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Stock Performance

NYSE MHO traded down $0.46 on Friday, hitting $159.35. 219,735 shares of the company's stock traded hands, compared to its average volume of 221,623. The firm has a market capitalization of $4.42 billion, a PE ratio of 8.54 and a beta of 2.23. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The firm's 50-day moving average price is $162.05 and its two-hundred day moving average price is $149.58. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33.

Insider Activity at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the company'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 value of $3,200,000.00. Following the sale, the chief financial officer now owns 18,545 shares in the company, valued at approximately $2,967,200. This represents a 51.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MHO has been the topic of a number of recent analyst reports. 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. Wedbush raised M/I Homes from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $155.00 to $185.00 in a research report on Monday, November 4th.

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.