M/I Homes, Inc. (NYSE:MHO) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC grew its position in M/I Homes, Inc. (NYSE:MHO) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,599 shares of the construction company’s stock after purchasing an additional 352 shares during the quarter. Truvestments Capital LLC’s holdings in M/I Homes were worth $1,131,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in M/I Homes during the 3rd quarter worth $27,000. Signaturefd LLC grew its stake in shares of M/I Homes by 42.8% during the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after acquiring an additional 71 shares during the last quarter. CWM LLC increased its holdings in shares of M/I Homes by 184.8% during the second quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after acquiring an additional 329 shares in the last quarter. Quarry LP raised its position 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 purchasing an additional 333 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in shares of M/I Homes in the 3rd quarter valued at approximately $86,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and upped their price target for the company from $155.00 to $185.00 in a research note on Monday, November 4th. Raymond James upped their target price on M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd. Finally, StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Insider Activity

In related news, CFO Phillip G. Creek sold 20,000 shares of the business’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 transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company’s stock.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $163.51 on Monday. M/I Homes, Inc. has a twelve month low of $103.62 and a twelve 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 company has a market cap of $4.54 billion, a PE 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.

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.