M/I Homes, Inc. (NYSE:MHO) Stake Lessened by Amalgamated Bank

Amalgamated Bank lessened its holdings in M/I Homes, Inc. (NYSE:MHO) by 4.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,074 shares of the construction company’s stock after selling 377 shares during the quarter. Amalgamated Bank’s holdings in M/I Homes were worth $1,384,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Arlington Capital Management Inc. grew its position in M/I Homes by 2.0% during the third quarter. Arlington Capital Management Inc. now owns 11,119 shares of the construction company’s stock valued at $1,905,000 after purchasing an additional 219 shares in the last quarter. Old North State Wealth Management LLC boosted its stake in shares of M/I Homes by 0.9% during the 3rd quarter. Old North State Wealth Management LLC now owns 47,361 shares of the construction company’s stock valued at $8,116,000 after buying an additional 445 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of M/I Homes by 100.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 30,350 shares of the construction company’s stock valued at $5,201,000 after acquiring an additional 15,227 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of M/I Homes by 240.6% in the third quarter. Farther Finance Advisors LLC now owns 1,056 shares of the construction company’s stock worth $181,000 after acquiring an additional 746 shares during the last quarter. Finally, Bay Rivers Group raised its holdings in shares of M/I Homes by 7.3% during the third quarter. Bay Rivers Group now owns 4,783 shares of the construction company’s stock worth $820,000 after acquiring an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

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

M/I Homes Trading Down 1.6 %

Shares of NYSE:MHO opened at $153.50 on Thursday. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.26 billion, a PE ratio of 8.43 and a beta of 2.24. M/I Homes, Inc. has a 1 year low of $100.00 and a 1 year high of $176.18. The firm has a fifty day moving average price of $162.94 and a 200 day moving average price of $144.96.

Insiders Place Their Bets

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the company’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 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.70% of the company’s stock.

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.