Vision Capital Corp Takes Position in M/I Homes, Inc. (NYSE:MHO)

Vision Capital Corp acquired a new stake in M/I Homes, Inc. (NYSE:MHO) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 72,500 shares of the construction company’s stock, valued at approximately $12,424,000. M/I Homes comprises 2.0% of Vision Capital Corp’s holdings, making the stock its 18th biggest position. Vision Capital Corp owned approximately 0.26% of M/I Homes at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MHO. V Square Quantitative Management LLC acquired a new position in shares of M/I Homes during the third quarter worth $27,000. Signaturefd LLC increased its holdings in M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after purchasing an additional 71 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of M/I Homes during the 3rd quarter worth approximately $86,000. CWM LLC boosted its holdings in shares of M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after buying an additional 329 shares in the last quarter. Finally, Quarry LP increased its stake in shares of M/I Homes by 148.0% in the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after acquiring an additional 333 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

M/I Homes Stock Up 1.8 %

MHO opened at $163.49 on Monday. M/I Homes, Inc. has a fifty-two week low of $103.62 and a fifty-two week high of $176.18. The firm has a market capitalization of $4.54 billion, a P/E ratio of 8.61 and a beta of 2.24. The company’s 50-day moving average is $162.71 and its 200 day moving average is $146.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60.

Insiders Place Their Bets

In related news, CFO Phillip G. Creek sold 20,000 shares of the 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 directly owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

M/I Homes Company 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.