Round Hill Asset Management Acquires 3,350 Shares of M/I Homes, Inc. (NYSE:MHO)

Round Hill Asset Management boosted its stake in M/I Homes, Inc. (NYSE:MHO) by 34.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,120 shares of the construction company’s stock after purchasing an additional 3,350 shares during the quarter. M/I Homes comprises approximately 1.5% of Round Hill Asset Management’s holdings, making the stock its 21st largest holding. Round Hill Asset Management’s holdings in M/I Homes were worth $2,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in shares of M/I Homes by 42.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company’s stock worth $6,775,000 after acquiring an additional 16,413 shares in the last quarter. Boston Partners bought a new stake in M/I Homes in the first quarter worth about $1,210,000. Tidal Investments LLC boosted its position in shares of M/I Homes by 621.1% during the first quarter. Tidal Investments LLC now owns 12,944 shares of the construction company’s stock valued at $1,764,000 after buying an additional 11,149 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of M/I Homes during the second quarter valued at approximately $1,124,000. Finally, Vanguard Group Inc. raised its holdings in shares of M/I Homes by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock worth $285,719,000 after buying an additional 39,542 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Phillip G. Creek sold 20,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James upped their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. Wedbush upgraded 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 note on Monday, November 4th. Finally, StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $160.59 on Friday. 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 company’s 50 day moving average is $162.71 and its 200 day moving average is $146.60. M/I Homes, Inc. has a twelve month low of $103.62 and a twelve month high of $176.18. The company has a market cap of $4.46 billion, a PE ratio of 8.61 and a beta of 2.24.

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.