Thrivent Financial for Lutherans Cuts Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Thrivent Financial for Lutherans cut its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 5.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,904 shares of the construction company’s stock after selling 1,511 shares during the period. Thrivent Financial for Lutherans’ holdings in M/I Homes were worth $4,610,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

MHO has been the topic of a number of recent analyst reports. Wedbush upgraded shares of 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 report on Monday, November 4th. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Raymond James raised their price objective on 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.

M/I Homes Stock Up 2.8 %

Shares of NYSE:MHO opened at $160.59 on Monday. M/I Homes, Inc. has a 1-year low of $103.62 and a 1-year high of $176.18. The company’s fifty day moving average is $162.71 and its two-hundred day moving average is $146.77. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 8.61 and a beta of 2.24.

Insider Buying and Selling at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the 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 completion of the transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by insiders.

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.