Harvest Fund Management Co. Ltd Makes New Investment in M/I Homes, Inc. (NYSE:MHO)

Harvest Fund Management Co. Ltd acquired a new stake in M/I Homes, Inc. (NYSE:MHO) in the third quarter, HoldingsChannel.com reports. The fund acquired 1,559 shares of the construction company’s stock, valued at approximately $267,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in M/I Homes by 42.8% during the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after purchasing an additional 71 shares during the last quarter. Bay Rivers Group raised its position in shares of M/I Homes by 1.7% in the second quarter. Bay Rivers Group now owns 4,458 shares of the construction company’s stock valued at $544,000 after purchasing an additional 75 shares during the period. Xponance Inc. lifted its stake in shares of M/I Homes by 4.9% during the 2nd quarter. Xponance Inc. now owns 1,718 shares of the construction company’s stock worth $210,000 after buying an additional 80 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of M/I Homes by 1.4% during the 2nd quarter. Truist Financial Corp now owns 6,219 shares of the construction company’s stock worth $760,000 after buying an additional 87 shares during the period. Finally, Arkadios Wealth Advisors raised its holdings in M/I Homes by 4.9% in 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 currently owned by institutional investors.

M/I Homes Stock Down 2.4 %

Shares of MHO opened at $165.13 on Wednesday. The firm’s 50 day moving average is $162.72 and its 200-day moving average is $147.56. M/I Homes, Inc. has a 12 month low of $103.62 and a 12 month high of $176.18. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.58 billion, a PE ratio of 8.85 and a beta of 2.24.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MHO. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $155.00 to $185.00 in a report on Monday, November 4th. Finally, Raymond James increased their price objective on 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.

Insider Activity

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 shares were sold at an average price of $160.00, for a total value of $3,200,000.00. Following the transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $2,967,200. This trade represents a 51.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company’s stock.

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.