Mutual of America Capital Management LLC Sells 439 Shares of M/I Homes, Inc. (NYSE:MHO)

Mutual of America Capital Management LLC trimmed its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 9.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,123 shares of the construction company’s stock after selling 439 shares during the period. Mutual of America Capital Management LLC’s holdings in M/I Homes were worth $707,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in MHO. Vanguard Group Inc. raised its position in M/I Homes by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock worth $285,719,000 after purchasing an additional 39,542 shares in the last quarter. American Century Companies Inc. lifted its position in shares of M/I Homes by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after buying an additional 50,330 shares during the period. 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 valued at $32,046,000 after buying an additional 13,782 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in M/I Homes by 260.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock valued at $34,251,000 after buying an additional 144,406 shares in the last quarter. Finally, Royce & Associates LP grew its position in M/I Homes by 30.0% in the third quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock valued at $33,057,000 after acquiring an additional 44,559 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by company insiders.

M/I Homes Price Performance

M/I Homes stock opened at $165.13 on Wednesday. The business’s fifty day moving average is $162.72 and its two-hundred day moving average is $147.56. 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 market cap of $4.58 billion, a P/E ratio of 8.85 and a beta of 2.24. M/I Homes, Inc. has a 52 week low of $103.62 and a 52 week high of $176.18.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. 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. Raymond James boosted their price target on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd. Finally, Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $155.00 to $185.00 in a report on Monday, November 4th.

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.