M/I Homes, Inc. (NYSE:MHO) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its position in M/I Homes, Inc. (NYSE:MHO) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,959 shares of the construction company’s stock after selling 605 shares during the period. Martingale Asset Management L P’s holdings in M/I Homes were worth $2,221,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of M/I Homes in the third quarter valued at approximately $27,000. Signaturefd LLC increased its position in M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after acquiring an additional 71 shares during the period. CWM LLC raised its stake in M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after acquiring an additional 329 shares in the last quarter. Quarry LP boosted its position 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 acquiring an additional 333 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in M/I Homes during the 3rd quarter worth $86,000. 95.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction that occurred 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MHO. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $155.00 to $185.00 in a research note on Monday, November 4th.

M/I Homes Trading Up 0.3 %

Shares of M/I Homes stock opened at $165.03 on Friday. The business has a fifty day simple moving average of $162.43 and a 200-day simple moving average of $148.23. M/I Homes, Inc. has a fifty-two week low of $103.63 and a fifty-two week high of $176.18. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 8.84 and a beta of 2.24. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33.

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.