Victory Capital Management Inc. Decreases Stake in M/I Homes, Inc. (NYSE:MHO)

Victory Capital Management Inc. reduced its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 41.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,814 shares of the construction company's stock after selling 34,153 shares during the quarter. Victory Capital Management Inc. owned about 0.18% of M/I Homes worth $8,365,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company's stock valued at $29,000 after acquiring an additional 71 shares in the last quarter. Bay Rivers Group boosted its holdings in shares of M/I Homes by 1.7% in the 2nd quarter. Bay Rivers Group now owns 4,458 shares of the construction company's stock worth $544,000 after purchasing an additional 75 shares in the last quarter. Xponance Inc. raised its holdings in shares of M/I Homes by 4.9% during the 2nd quarter. Xponance Inc. now owns 1,718 shares of the construction company's stock valued at $210,000 after buying an additional 80 shares in the last quarter. Truist Financial Corp lifted its position in M/I Homes by 1.4% in the 2nd quarter. Truist Financial Corp now owns 6,219 shares of the construction company's stock worth $760,000 after buying an additional 87 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in M/I Homes by 4.9% in the third quarter. Arkadios Wealth Advisors now owns 2,136 shares of the construction company's stock worth $366,000 after buying an additional 99 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MHO. StockNews.com cut M/I Homes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Wedbush upgraded M/I Homes from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $155.00 to $185.00 in a report on Monday, November 4th. Finally, Raymond James boosted their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 2nd.

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 dated Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.70% of the company's stock.

M/I Homes Stock Up 2.8 %

Shares of NYSE MHO traded up $4.45 during midday trading on Friday, hitting $160.64. The stock had a trading volume of 173,757 shares, compared to its average volume of 274,987. M/I Homes, Inc. has a 52 week low of $103.62 and a 52 week high of $176.18. The company has a market cap of $4.46 billion, a P/E ratio of 8.37 and a beta of 2.24. The business's 50 day moving average is $162.82 and its 200-day moving average is $146.35. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33.

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.