The Manufacturers Life Insurance Company Decreases Stake in M/I Homes, Inc. (NYSE:MHO)

The Manufacturers Life Insurance Company decreased its holdings in M/I Homes, Inc. (NYSE:MHO) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,181 shares of the construction company’s stock after selling 83 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of M/I Homes worth $2,601,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MHO. CWM LLC grew its position 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 worth $62,000 after buying an additional 329 shares in the last quarter. SG Americas Securities LLC increased its position in shares of M/I Homes by 344.9% in the 2nd quarter. SG Americas Securities LLC now owns 16,919 shares of the construction company’s stock worth $2,066,000 after purchasing an additional 13,116 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in M/I Homes by 42.0% in the second quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company’s stock worth $6,775,000 after purchasing an additional 16,413 shares in the last quarter. Nvest Financial LLC increased its holdings in M/I Homes by 12.2% in the second quarter. Nvest Financial LLC now owns 1,733 shares of the construction company’s stock valued at $212,000 after buying an additional 189 shares during the last quarter. Finally, Summit Global Investments increased its holdings in shares of M/I Homes by 30.4% in the 2nd quarter. Summit Global Investments now owns 10,788 shares of the construction company’s stock valued at $1,318,000 after acquiring an additional 2,515 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Transactions at M/I Homes

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 transaction of $3,200,000.00. Following the transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $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 is available at this hyperlink. Insiders own 3.70% of the company’s stock.

M/I Homes Trading Down 0.3 %

Shares of NYSE:MHO opened at $159.35 on Monday. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $162.05 and its 200 day moving average price is $149.58. The company has a market cap of $4.42 billion, a PE ratio of 8.54 and a beta of 2.23. M/I Homes, Inc. has a fifty-two week low of $109.92 and a fifty-two week high of $176.18.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MHO shares. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $155.00 to $185.00 in a research note on Monday, November 4th. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

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.