Westfield Capital Management Co. LP Purchases 39,492 Shares of M/I Homes, Inc. (NYSE:MHO)

Westfield Capital Management Co. LP increased its position in M/I Homes, Inc. (NYSE:MHO) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,107,024 shares of the construction company’s stock after purchasing an additional 39,492 shares during the quarter. M/I Homes makes up about 0.9% of Westfield Capital Management Co. LP’s portfolio, making the stock its 22nd biggest position. Westfield Capital Management Co. LP’s holdings in M/I Homes were worth $189,700,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MHO. Assenagon Asset Management S.A. grew its stake in M/I Homes by 260.3% in the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock worth $34,251,000 after purchasing an additional 144,406 shares in the last quarter. Renaissance Technologies LLC grew its stake in 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 purchasing an additional 51,600 shares in the last quarter. American Century Companies Inc. grew its stake in M/I Homes by 7.7% in the second quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after purchasing an additional 50,330 shares in the last quarter. Royce & Associates LP grew its stake in M/I Homes by 30.0% in the third quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock worth $33,057,000 after purchasing an additional 44,559 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in M/I Homes by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock worth $285,719,000 after purchasing an additional 39,542 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Insider Activity

In other news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the completion of the sale, the chief financial officer now owns 18,545 shares in the company, valued at approximately $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

M/I Homes Stock Up 2.8 %

Shares of NYSE MHO opened at $160.59 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 stock has a market capitalization of $4.46 billion, a PE ratio of 8.61 and a beta of 2.24. The stock’s fifty day simple moving average is $162.71 and its two-hundred day simple moving average is $146.60. M/I Homes, Inc. has a 12-month low of $103.62 and a 12-month high of $176.18.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MHO. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $155.00 to $185.00 in a research report on Monday, November 4th. Raymond James increased their target price on 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, StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

M/I Homes 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.