M/I Homes, Inc. (NYSE:MHO) CFO Sells $3,200,000.00 in Stock

M/I Homes, Inc. (NYSE:MHOGet Free Report) CFO Phillip G. Creek sold 20,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $2,967,200. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

M/I Homes Stock Performance

MHO stock opened at $167.03 on Friday. The stock’s 50 day simple moving average is $162.79 and its 200 day simple moving average is $144.23. The company has a current ratio of 6.81, a quick ratio of 1.53 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 12-month low of $93.32 and a 12-month high of $176.18. The stock has a market capitalization of $4.64 billion, a PE ratio of 8.95 and a beta of 2.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. raised its position in M/I Homes by 260.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock worth $34,251,000 after buying an additional 144,406 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of M/I Homes by 187.0% in the second quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock worth $9,673,000 after acquiring an additional 51,600 shares during the period. American Century Companies Inc. raised its holdings in shares of M/I Homes by 7.7% during the second quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock valued at $85,984,000 after purchasing an additional 50,330 shares during the last quarter. Royce & Associates LP lifted its position in M/I Homes by 30.0% during the third quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock valued at $33,057,000 after purchasing an additional 44,559 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in M/I Homes by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock worth $285,719,000 after purchasing an additional 39,542 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on MHO. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $155.00 to $185.00 in a research note on Monday, November 4th. Finally, Raymond James raised 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.

Check Out Our Latest Research Report on M/I Homes

About M/I Homes

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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.

Further Reading

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