Vision Capital Corp Makes New $12.42 Million Investment in M/I Homes, Inc. (NYSE:MHO)

Vision Capital Corp bought a new stake in M/I Homes, Inc. (NYSE:MHO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 72,500 shares of the construction company’s stock, valued at approximately $12,424,000. M/I Homes comprises approximately 2.0% of Vision Capital Corp’s portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of MHO. Vanguard Group Inc. raised its stake in M/I Homes by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock valued at $285,719,000 after acquiring an additional 39,542 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of M/I Homes by 6.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 30,465 shares of the construction company’s stock valued at $4,150,000 after purchasing an additional 1,739 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of M/I Homes by 2.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,563 shares of the construction company’s stock valued at $2,394,000 after buying an additional 391 shares in the last quarter. Caxton Associates LP boosted its holdings in M/I Homes by 69.0% in the 1st quarter. Caxton Associates LP now owns 13,533 shares of the construction company’s stock worth $1,844,000 after buying an additional 5,527 shares during the period. Finally, Tidal Investments LLC boosted its holdings in M/I Homes by 621.1% in the 1st quarter. Tidal Investments LLC now owns 12,944 shares of the construction company’s stock worth $1,764,000 after buying an additional 11,149 shares during the period. 95.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on MHO. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $155.00 to $185.00 in a report on Monday, November 4th. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Raymond James lifted their target price on 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 Stock Up 1.8 %

MHO opened at $163.49 on Monday. The firm has a market capitalization of $4.54 billion, a P/E ratio of 8.61 and a beta of 2.24. M/I Homes, Inc. has a one year low of $103.62 and a one year high of $176.18. The company has a fifty day moving average price of $162.71 and a 200-day moving average price of $146.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60.

Insider Buying and Selling

In other news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction dated 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 trade represents a 51.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by company insiders.

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.