Vision Capital Corp Invests $12.42 Million in M/I Homes, Inc. (NYSE:MHO)

Vision Capital Corp bought a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 72,500 shares of the construction company's stock, valued at approximately $12,424,000. M/I Homes makes up approximately 2.0% of Vision Capital Corp's investment portfolio, making the stock its 18th largest position. Vision Capital Corp owned about 0.26% of M/I Homes as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of M/I Homes by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company's stock worth $285,719,000 after acquiring an additional 39,542 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of M/I Homes by 6.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 30,465 shares of the construction company's stock worth $4,150,000 after purchasing an additional 1,739 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of M/I Homes by 2.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,563 shares of the construction company's stock worth $2,394,000 after purchasing an additional 391 shares in the last quarter. Caxton Associates LP raised its stake in M/I Homes by 69.0% in the first quarter. Caxton Associates LP now owns 13,533 shares of the construction company's stock valued at $1,844,000 after buying an additional 5,527 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of M/I Homes by 621.1% during the first quarter. Tidal Investments LLC now owns 12,944 shares of the construction company's stock worth $1,764,000 after acquiring an additional 11,149 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Stock Performance

NYSE:MHO traded up $8.74 during trading hours on Monday, reaching $169.33. The company had a trading volume of 410,711 shares, compared to its average volume of 275,582. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. The firm has a market cap of $4.70 billion, a PE ratio of 8.61 and a beta of 2.24. The business's 50 day moving average price is $162.71 and its 200-day moving average price is $146.94. M/I Homes, Inc. has a 1-year low of $103.62 and a 1-year high of $176.18.

Wall Street Analyst Weigh In

MHO has been the topic of several research reports. Wedbush raised 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 report on Monday, November 4th. StockNews.com downgraded M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Raymond James increased their price target on shares of M/I Homes from $200.00 to $210.00 and gave the stock a "strong-buy" rating in a report 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 business'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. The trade was a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is owned by corporate insiders.

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.