De Lisle Partners LLP Has $12.78 Million Stock Position in M/I Homes, Inc. (NYSE:MHO)

De Lisle Partners LLP lifted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 34.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,589 shares of the construction company’s stock after purchasing an additional 19,266 shares during the period. M/I Homes comprises 2.1% of De Lisle Partners LLP’s investment portfolio, making the stock its 9th largest holding. De Lisle Partners LLP’s holdings in M/I Homes were worth $12,782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in M/I Homes during the 3rd quarter worth approximately $1,388,000. Townsquare Capital LLC lifted its holdings in shares of M/I Homes by 35.2% during the third quarter. Townsquare Capital LLC now owns 2,433 shares of the construction company’s stock worth $417,000 after purchasing an additional 634 shares during the period. BNP Paribas Financial Markets grew its stake in shares of M/I Homes by 4.5% in the third quarter. BNP Paribas Financial Markets now owns 20,430 shares of the construction company’s stock worth $3,501,000 after purchasing an additional 887 shares during the last quarter. Quantbot Technologies LP increased its holdings in M/I Homes by 53.8% in the third quarter. Quantbot Technologies LP now owns 7,179 shares of the construction company’s stock valued at $1,230,000 after purchasing an additional 2,511 shares during the period. Finally, FMR LLC raised its position in M/I Homes by 41.4% during the 3rd quarter. FMR LLC now owns 96,809 shares of the construction company’s stock worth $16,589,000 after purchasing an additional 28,355 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Transactions at M/I Homes

In related 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 transaction of $3,200,000.00. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

MHO has been the subject of several recent research reports. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and increased their price target for the company from $155.00 to $185.00 in a research note on Monday, November 4th. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Raymond James boosted their target price on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd.

M/I Homes Trading Down 0.4 %

Shares of MHO stock opened at $164.54 on Thursday. M/I Homes, Inc. has a fifty-two week low of $103.62 and a fifty-two week high of $176.18. 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 stock has a 50 day simple moving average of $162.67 and a two-hundred day simple moving average of $147.67. The company has a market cap of $4.57 billion, a P/E ratio of 8.82 and a beta of 2.24.

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.