M/I Homes, Inc. (NYSE:MHO) Stock Position Raised by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP boosted its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,107,024 shares of the construction company's stock after acquiring an additional 39,492 shares during the period. M/I Homes comprises 0.9% of Westfield Capital Management Co. LP's portfolio, making the stock its 22nd largest holding. Westfield Capital Management Co. LP owned approximately 3.99% of M/I Homes worth $189,700,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new stake in shares of M/I Homes during the third quarter worth about $27,000. Signaturefd LLC grew its stake in M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company's stock worth $29,000 after acquiring an additional 71 shares during the period. CWM LLC raised its holdings in M/I Homes by 184.8% in the 2nd quarter. CWM LLC now owns 507 shares of the construction company's stock valued at $62,000 after acquiring an additional 329 shares during the last quarter. Quarry LP lifted its stake in shares of M/I Homes by 148.0% during the 2nd quarter. Quarry LP now owns 558 shares of the construction company's stock worth $68,000 after purchasing an additional 333 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of M/I Homes by 90.6% during the third quarter. GAMMA Investing LLC now owns 606 shares of the construction company's stock worth $104,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Stock Up 2.8 %

Shares of NYSE:MHO traded up $4.40 during midday trading on Friday, reaching $160.59. The company had a trading volume of 173,757 shares, compared to its average volume of 278,199. The stock has a market capitalization of $4.46 billion, a P/E ratio of 8.61 and a beta of 2.24. The stock's fifty day moving average price is $162.71 and its 200-day moving average price is $146.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. M/I Homes, Inc. has a one year low of $103.62 and a one year high of $176.18.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com lowered shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Wedbush raised shares of M/I Homes from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $155.00 to $185.00 in a research note 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 company a "strong-buy" rating in a research note on Friday, August 2nd.

Insider Buying and Selling at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the firm's stock in a transaction 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 directly owns 18,545 shares in the company, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by 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.