M/I Homes, Inc. (NYSE:MHO) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of M/I Homes, Inc. (NYSE:MHO) by 5.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 26,904 shares of the construction company’s stock after selling 1,511 shares during the quarter. Thrivent Financial for Lutherans owned about 0.10% of M/I Homes worth $4,610,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in M/I Homes during the third quarter worth about $27,000. Signaturefd LLC increased its holdings in shares of M/I Homes by 42.8% during the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after purchasing an additional 71 shares in the last quarter. CWM LLC lifted its stake in shares of M/I Homes by 184.8% in the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after purchasing an additional 329 shares during the period. Quarry LP grew its position in shares of M/I Homes by 148.0% during the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after acquiring an additional 333 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of M/I Homes by 90.6% during the 3rd quarter. GAMMA Investing LLC now owns 606 shares of the construction company’s stock worth $104,000 after buying an additional 288 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Trading Up 2.8 %

Shares of M/I Homes stock opened at $160.59 on Monday. 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 fifty day simple moving average of $162.71 and a 200-day simple moving average of $146.77. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 8.61 and a beta of 2.24. M/I Homes, Inc. has a 12-month low of $103.62 and a 12-month high of $176.18.

Insider Buying and Selling

In other news, CFO Phillip G. Creek sold 20,000 shares of the 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

M/I Homes Company 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.