M/I Homes, Inc. (NYSE:MHO) CFO Phillip G. Creek Sells 20,000 Shares

M/I Homes, Inc. (NYSE:MHO) CFO Phillip G. Creek sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total value of $3,200,000.00. Following the transaction, the chief financial officer now owns 18,545 shares in the company, valued at $2,967,200. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

M/I Homes Trading Up 2.1 %

M/I Homes stock opened at $164.33 on Friday. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 8.81 and a beta of 2.24. M/I Homes, Inc. has a 52 week low of $93.32 and a 52 week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.53 and a current ratio of 6.81. The company has a 50 day moving average price of $162.64 and a 200 day moving average price of $143.68.

Institutional Trading of M/I Homes

A number of institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of M/I Homes in the 3rd quarter valued at about $27,000. Signaturefd LLC lifted its holdings in M/I Homes by 42.8% during the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after purchasing an additional 71 shares during the last quarter. CWM LLC boosted its holdings in shares of M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after buying an additional 329 shares during the period. Quarry LP lifted its holdings in M/I Homes by 148.0% during the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after purchasing an additional 333 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of M/I Homes by 90.6% in the third quarter. GAMMA Investing LLC now owns 606 shares of the construction company’s stock valued at $104,000 after acquiring an additional 288 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Raymond James boosted 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 note on Friday, August 2nd. 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, Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $155.00 to $185.00 in a report on Monday.

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.