Petrus Trust Company LTA Purchases New Shares in M/I Homes, Inc. (NYSE:MHO)

Petrus Trust Company LTA acquired a new position in shares of M/I Homes, Inc. (NYSE:MHO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,939 shares of the construction company’s stock, valued at approximately $1,018,000.

Several other large investors have also recently added to or reduced their stakes in MHO. HighTower Advisors LLC grew its stake in shares of M/I Homes by 19.1% in the third quarter. HighTower Advisors LLC now owns 2,597 shares of the construction company’s stock valued at $447,000 after acquiring an additional 416 shares in the last quarter. Centiva Capital LP bought a new stake in M/I Homes in the 3rd quarter valued at about $759,000. Basswood Capital Management L.L.C. grew its position in shares of M/I Homes by 1.8% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company’s stock worth $53,916,000 after purchasing an additional 5,571 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of M/I Homes during the third quarter worth approximately $531,000. Finally, Verition Fund Management LLC raised its position in shares of M/I Homes by 206.0% in the third quarter. Verition Fund Management LLC now owns 6,733 shares of the construction company’s stock valued at $1,154,000 after buying an additional 4,533 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades

MHO has been the topic of a number of analyst reports. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $155.00 to $185.00 in a research report on Monday, November 4th. StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

Insider Buying and Selling at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes 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 approximately $2,967,200. The trade was a 51.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.

M/I Homes Stock Performance

Shares of M/I Homes stock opened at $168.05 on Wednesday. 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 market cap of $4.66 billion, a PE ratio of 9.01 and a beta of 2.23. The company has a 50 day moving average of $162.33 and a 200-day moving average of $148.89. M/I Homes, Inc. has a 1-year low of $108.10 and a 1-year high of $176.18.

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.