Daiwa Securities Group Inc. Invests $86,000 in M/I Homes, Inc. (NYSE:MHO)

Daiwa Securities Group Inc. acquired a new stake in shares of M/I Homes, Inc. (NYSE:MHO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 500 shares of the construction company’s stock, valued at approximately $86,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in M/I Homes by 2.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,563 shares of the construction company’s stock worth $2,394,000 after purchasing an additional 391 shares during the last quarter. Boston Partners purchased a new stake in shares of M/I Homes during the first quarter valued at $1,210,000. Harbor Capital Advisors Inc. raised its stake in M/I Homes by 214.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 15,123 shares of the construction company’s stock worth $1,847,000 after acquiring an additional 10,318 shares during the last quarter. CWM LLC lifted its position in M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after acquiring an additional 329 shares during the period. Finally, Contravisory Investment Management Inc. increased its holdings in shares of M/I Homes by 1,359.2% in the second quarter. Contravisory Investment Management Inc. now owns 1,897 shares of the construction company’s stock valued at $232,000 after purchasing an additional 1,767 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Trading Up 0.3 %

M/I Homes stock opened at $165.03 on Monday. The firm has a market cap of $4.58 billion, a PE ratio of 8.84 and a beta of 2.24. M/I Homes, Inc. has a 12 month low of $103.63 and a 12 month high of $176.18. The stock’s 50 day simple moving average is $162.43 and its two-hundred day simple moving average is $148.34. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MHO shares. Wedbush upgraded 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 report on Monday, November 4th. StockNews.com lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Insider Buying and Selling

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction that occurred on 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 transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by insiders.

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.