Algert Global LLC Has $12.58 Million Position in M/I Homes, Inc. (NYSE:MHO)

Algert Global LLC raised its holdings in M/I Homes, Inc. (NYSE:MHO) by 16.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 73,431 shares of the construction company’s stock after purchasing an additional 10,326 shares during the period. Algert Global LLC’s holdings in M/I Homes were worth $12,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of M/I Homes by 1.9% during 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 in the last quarter. American Century Companies Inc. grew its stake in shares of M/I Homes by 7.7% in the 2nd 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 period. Charles Schwab Investment Management Inc. grew its stake in shares of M/I Homes by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company’s stock valued at $79,182,000 after purchasing an additional 19,754 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of M/I Homes by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company’s stock worth $32,046,000 after buying an additional 13,782 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of M/I Homes by 260.3% during 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 period. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Trading Up 2.8 %

MHO stock opened at $160.64 on Friday. The business has a fifty day moving average price of $162.71 and a 200 day moving average price of $146.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. M/I Homes, Inc. has a fifty-two week low of $103.62 and a fifty-two week high of $176.18. 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 Transactions at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the business’s 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.