M/I Homes, Inc. (NYSE:MHO) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in M/I Homes, Inc. (NYSE:MHO) by 53.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,179 shares of the construction company’s stock after purchasing an additional 2,511 shares during the quarter. Quantbot Technologies LP’s holdings in M/I Homes were worth $1,230,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MHO. V Square Quantitative Management LLC purchased a new position in M/I Homes in the 3rd quarter valued at approximately $27,000. Signaturefd LLC boosted its holdings in M/I Homes by 42.8% in the second 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 period. Daiwa Securities Group Inc. acquired a new position in M/I Homes during the 3rd quarter worth $86,000. 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 purchasing an additional 329 shares in the last quarter. Finally, Private Trust Co. NA purchased a new stake in M/I Homes during the 3rd quarter worth about $88,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MHO. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $155.00 to $185.00 in a research report on Monday, November 4th. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

Insider Transactions at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total value of $3,200,000.00. Following the transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $2,967,200. This trade represents a 51.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

M/I Homes Stock Up 0.3 %

M/I Homes stock opened at $165.03 on Friday. The stock’s fifty day moving average is $162.43 and its two-hundred day moving average is $148.23. The stock has a market cap of $4.58 billion, a PE ratio of 8.84 and a beta of 2.24. M/I Homes, Inc. has a 1-year low of $103.63 and a 1-year high of $176.18. 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 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.