Intech Investment Management LLC Boosts Holdings in M/I Homes, Inc. (NYSE:MHO)

Intech Investment Management LLC lifted its stake in M/I Homes, Inc. (NYSE:MHO) by 100.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,245 shares of the construction company’s stock after purchasing an additional 4,635 shares during the period. Intech Investment Management LLC’s holdings in M/I Homes were worth $1,584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Signaturefd LLC lifted its position in shares of 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 purchasing an additional 71 shares during the period. Bay Rivers Group lifted its position in M/I Homes by 1.7% during the 2nd quarter. Bay Rivers Group now owns 4,458 shares of the construction company’s stock valued at $544,000 after acquiring an additional 75 shares during the period. Xponance Inc. lifted its position in M/I Homes by 4.9% during the 2nd quarter. Xponance Inc. now owns 1,718 shares of the construction company’s stock valued at $210,000 after acquiring an additional 80 shares during the period. Truist Financial Corp lifted its position in M/I Homes by 1.4% during the 2nd quarter. Truist Financial Corp now owns 6,219 shares of the construction company’s stock valued at $760,000 after acquiring an additional 87 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in M/I Homes by 4.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,136 shares of the construction company’s stock valued at $366,000 after acquiring an additional 99 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Stock Up 5.4 %

Shares of M/I Homes stock opened at $169.33 on Tuesday. 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 $4.70 billion, a PE ratio of 9.07 and a beta of 2.24. M/I Homes, Inc. has a 52-week low of $103.62 and a 52-week high of $176.18. The company has a 50-day simple moving average of $162.75 and a two-hundred day simple moving average of $147.26.

Wall Street Analysts Forecast Growth

MHO has been the subject of a number of recent research reports. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Raymond James lifted their price target on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd. Finally, Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $155.00 to $185.00 in a research report on Monday, November 4th.

Insiders Place Their Bets

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

M/I Homes 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.