Insider Selling: M/I Homes, Inc. (NYSE:MHO) CFO Sells 20,000 Shares of Stock

M/I Homes, Inc. (NYSE:MHO) 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 value of $3,200,000.00. Following the completion of the sale, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

M/I Homes Price Performance

Shares of NYSE MHO traded up $3.40 during midday trading on Thursday, hitting $164.33. The stock had a trading volume of 301,519 shares, compared to its average volume of 277,837. The company has a market capitalization of $4.56 billion, a PE ratio of 8.62 and a beta of 2.24. The stock has a 50 day simple moving average of $162.52 and a 200-day simple moving average of $143.53. M/I Homes, Inc. has a 1 year low of $93.32 and a 1 year high of $176.18. The company has a quick ratio of 1.53, a current ratio of 6.81 and a debt-to-equity ratio of 0.33.

Hedge Funds Weigh In On M/I Homes

Several hedge funds and other institutional investors have recently made changes to their positions in MHO. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of M/I Homes by 1.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,323 shares of the construction company’s stock valued at $1,680,000 after acquiring an additional 205 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of M/I Homes by 50.1% in the first quarter. BNP Paribas Financial Markets now owns 22,663 shares of the construction company’s stock valued at $3,089,000 after acquiring an additional 7,561 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in shares of M/I Homes by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 24,373 shares of the construction company’s stock valued at $3,322,000 after acquiring an additional 316 shares in the last quarter. Quantbot Technologies LP purchased a new position in M/I Homes during the first quarter worth approximately $1,015,000. Finally, Empowered Funds LLC lifted its position in M/I Homes by 34.9% during the first quarter. Empowered Funds LLC now owns 98,106 shares of the construction company’s stock worth $13,371,000 after buying an additional 25,359 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

MHO has been the topic of a number of research reports. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $155.00 to $185.00 in a report on Monday. Raymond James increased their price target on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. Finally, StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

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.