M/I Homes, Inc. (NYSE:MHO) Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its position in M/I Homes, Inc. (NYSE:MHO) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,282 shares of the construction company’s stock after selling 3,696 shares during the quarter. Empowered Funds LLC owned about 0.36% of M/I Homes worth $17,184,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in shares of M/I Homes during the 3rd quarter worth $27,000. Signaturefd LLC increased its position 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 worth $29,000 after purchasing an additional 71 shares during the last quarter. CWM LLC raised its holdings in 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 buying an additional 329 shares during the period. Quarry LP lifted its position in M/I Homes by 148.0% in the second quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after buying an additional 333 shares during the last quarter. Finally, EntryPoint Capital LLC grew its position in shares of M/I Homes by 89.1% during the first quarter. EntryPoint Capital LLC now owns 692 shares of the construction company’s stock worth $94,000 after buying an additional 326 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on MHO. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Raymond James raised 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 research report on Friday, August 2nd. Finally, Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $155.00 to $185.00 in a research note on Monday, November 4th.

Insider Activity at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction on 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 $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is owned by insiders.

M/I Homes Stock Down 0.6 %

Shares of NYSE:MHO opened at $153.90 on Friday. 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 firm has a market cap of $4.27 billion, a price-to-earnings ratio of 8.30 and a beta of 2.24. M/I Homes, Inc. has a 12-month low of $102.02 and a 12-month high of $176.18. The stock’s 50-day moving average price is $162.90 and its two-hundred day moving average price is $145.02.

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.