Range Financial Group LLC Makes New Investment in M/I Homes, Inc. (NYSE:MHO)

Range Financial Group LLC purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 6,271 shares of the construction company’s stock, valued at approximately $834,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in M/I Homes during the third quarter valued at approximately $27,000. Signaturefd LLC lifted its holdings in shares of M/I Homes by 49.4% during the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after acquiring an additional 117 shares during the last quarter. Quarry LP grew its position in M/I Homes by 148.0% in the second quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after acquiring an additional 333 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in M/I Homes in the third quarter valued at $86,000. Finally, Private Trust Co. NA purchased a new stake in M/I Homes during the third quarter valued at about $88,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

MHO has been the subject of a number of research reports. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and increased their price target for the company from $155.00 to $185.00 in a research report on Monday, November 4th.

M/I Homes Trading Down 2.7 %

Shares of NYSE:MHO traded down $3.46 on Tuesday, reaching $126.75. 422,016 shares of the company traded hands, compared to its average volume of 275,874. The stock has a market capitalization of $3.52 billion, a P/E ratio of 6.79 and a beta of 2.29. The business’s 50-day simple moving average is $151.95 and its 200 day simple moving average is $152.18. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18.

Insider Buying and Selling

In related news, CFO Phillip G. Creek sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were 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 in the company, valued at $2,967,200. This represents a 51.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.70% of the stock is owned by corporate insiders.

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.