Healthcare of Ontario Pension Plan Trust Fund Invests $1.39 Million in M/I Homes, Inc. (NYSE:MHO)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in M/I Homes, Inc. (NYSE:MHO) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,100 shares of the construction company’s stock, valued at approximately $1,388,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its holdings in shares of M/I Homes by 42.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company’s stock worth $6,775,000 after buying an additional 16,413 shares in the last quarter. Boston Partners bought a new position in M/I Homes in the first quarter valued at about $1,210,000. Canada Pension Plan Investment Board acquired a new position in M/I Homes during the second quarter worth about $1,124,000. Renaissance Technologies LLC lifted its holdings in shares of M/I Homes by 187.0% in the second quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock worth $9,673,000 after acquiring an additional 51,600 shares during the last quarter. Finally, Algert Global LLC boosted its stake in shares of M/I Homes by 23.8% in the 2nd quarter. Algert Global LLC now owns 63,105 shares of the construction company’s stock valued at $7,708,000 after purchasing an additional 12,123 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MHO. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $155.00 to $185.00 in a research report on Monday, November 4th. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

M/I Homes Stock Performance

M/I Homes stock opened at $165.03 on Monday. The business has a 50 day moving average of $162.43 and a 200-day moving average of $148.34. The company has a market capitalization of $4.58 billion, a P/E ratio of 8.84 and a beta of 2.24. M/I Homes, Inc. has a 1 year low of $103.63 and a 1 year high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60.

Insiders Place Their Bets

In other news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes 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 owns 18,545 shares in the company, valued at approximately $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

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.