Assenagon Asset Management S.A. Trims Holdings in M/I Homes, Inc. (NYSE:MHO)

Assenagon Asset Management S.A. lowered its stake in M/I Homes, Inc. (NYSE:MHO) by 45.8% in the 4th quarter, Holdings Channel reports. The firm owned 108,376 shares of the construction company’s stock after selling 91,501 shares during the quarter. Assenagon Asset Management S.A.’s holdings in M/I Homes were worth $14,409,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vision Capital Corp purchased a new stake in shares of M/I Homes in the third quarter worth about $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in M/I Homes by 129.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company’s stock worth $21,342,000 after acquiring an additional 70,278 shares during the period. Renaissance Technologies LLC lifted its stake in M/I Homes by 187.0% in the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock worth $9,673,000 after purchasing an additional 51,600 shares in the last quarter. Royce & Associates LP boosted its holdings in M/I Homes by 30.0% in the 3rd 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, Barclays PLC boosted its holdings in M/I Homes by 45.7% in the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company’s stock valued at $21,690,000 after purchasing an additional 39,711 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Trading Up 0.9 %

Shares of M/I Homes stock opened at $138.27 on Friday. The company has a 50 day simple moving average of $147.20 and a two-hundred day simple moving average of $152.41. The firm has a market cap of $3.84 billion, a PE ratio of 7.41 and a beta of 2.29. M/I Homes, Inc. has a 1 year low of $109.92 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.

Analyst Upgrades and Downgrades

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

Insider Transactions at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 18,545 shares in the company, valued at $2,967,200. This trade represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.