M/I Homes, Inc. (NYSE:MHO) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 9.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,563 shares of the construction company’s stock after selling 1,255 shares during the period. Stifel Financial Corp’s holdings in M/I Homes were worth $2,153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MHO. Westfield Capital Management Co. LP raised its holdings in M/I Homes by 3.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,107,024 shares of the construction company’s stock worth $189,700,000 after buying an additional 39,492 shares during the period. American Century Companies Inc. raised its holdings in shares of M/I Homes by 7.7% during the second quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock valued at $85,984,000 after acquiring an additional 50,330 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of M/I Homes by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company’s stock valued at $79,182,000 after acquiring an additional 19,754 shares in the last quarter. Basswood Capital Management L.L.C. lifted its position in shares of M/I Homes by 1.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company’s stock valued at $53,916,000 after acquiring an additional 5,571 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in M/I Homes by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company’s stock worth $32,046,000 after purchasing an additional 13,782 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MHO has been the topic of several recent analyst reports. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Wedbush raised 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 report on Monday, November 4th.

M/I Homes Stock Performance

MHO stock opened at $136.40 on Friday. The stock has a market cap of $3.79 billion, a P/E ratio of 7.31 and a beta of 2.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81. The firm has a 50 day simple moving average of $159.51 and a 200 day simple moving average of $150.96. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18.

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.