JPMorgan Chase & Co. Purchases 14,321 Shares of M/I Homes, Inc. (NYSE:MHO)

JPMorgan Chase & Co. lifted its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 5.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 267,684 shares of the construction company’s stock after acquiring an additional 14,321 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.96% of M/I Homes worth $45,870,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cim Investment Management Inc. bought a new stake in shares of M/I Homes in the 3rd quarter worth approximately $246,000. World Investment Advisors LLC purchased a new position in M/I Homes during the third quarter valued at $4,698,000. Invst LLC boosted its holdings in M/I Homes by 20.7% in the third quarter. Invst LLC now owns 3,395 shares of the construction company’s stock worth $582,000 after acquiring an additional 582 shares in the last quarter. Geode Capital Management LLC increased its stake in M/I Homes by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company’s stock valued at $124,050,000 after purchasing an additional 21,575 shares in the last quarter. Finally, Vestcor Inc boosted its stake in M/I Homes by 35.5% during the 3rd quarter. Vestcor Inc now owns 11,354 shares of the construction company’s stock valued at $1,946,000 after purchasing an additional 2,973 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on MHO. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and upped 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 Stock Up 1.0 %

NYSE MHO opened at $131.95 on Monday. The stock’s 50-day moving average price is $152.55 and its 200-day moving average price is $151.88. The company has a market capitalization of $3.66 billion, a P/E ratio of 7.07 and a beta of 2.23. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33.

Insider Buying and Selling at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total value of $3,200,000.00. Following the completion of the sale, the chief financial officer now owns 18,545 shares in the company, valued at approximately $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

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.