Sei Investments Co. trimmed its holdings in shares of M/I Homes, Inc. (NYSE:MHO – Free Report) by 54.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 10,180 shares of the construction company’s stock after selling 12,213 shares during the quarter. Sei Investments Co.’s holdings in M/I Homes were worth $1,247,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Royal Bank of Canada boosted its position in shares of M/I Homes by 46.3% during the first quarter. Royal Bank of Canada now owns 29,774 shares of the construction company’s stock valued at $3,400,000 after buying an additional 9,422 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in M/I Homes by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,868 shares of the construction company’s stock valued at $1,812,000 after acquiring an additional 703 shares during the period. United Services Automobile Association purchased a new stake in shares of M/I Homes during the 1st quarter valued at about $205,000. Strs Ohio bought a new stake in shares of M/I Homes in the first quarter worth approximately $114,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of M/I Homes by 90.6% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.
M/I Homes Price Performance
Shares of M/I Homes stock opened at $152.05 on Wednesday. The stock has a market cap of $3.84 billion, a P/E ratio of 12.80 and a beta of 1.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.69 and a current ratio of 7.65. The stock’s fifty day moving average is $148.67 and its 200 day moving average is $137.73. M/I Homes, Inc. has a one year low of $116.78 and a one year high of $163.66.
Wall Street Analysts Forecast Growth
MHO has been the topic of several research reports. Freedom Capital upgraded shares of M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th. Zelman & Associates downgraded M/I Homes from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 7th. New Street Research set a $172.00 price objective on M/I Homes in a report on Tuesday, August 4th. Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, M/I Homes presently has a consensus rating of “Moderate Buy” and an average price target of $164.25.
Check Out Our Latest Stock Report on M/I Homes
Insider Transactions at M/I Homes
In related news, CFO Phillip G. Creek sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $151.28, for a total value of $1,512,800.00. Following the completion of the sale, the chief financial officer directly owned 30,918 shares of the company’s stock, valued at approximately $4,677,275.04. This represents a 24.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.60% of the company’s stock.
About M/I Homes
M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.
In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.
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