M/I Homes, Inc. (NYSE:MHO) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board cut its holdings in M/I Homes, Inc. (NYSE:MHO) by 4.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,116 shares of the construction company’s stock after selling 2,900 shares during the period. Public Sector Pension Investment Board owned 0.21% of M/I Homes worth $9,959,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. De Lisle Partners LLP raised its position in M/I Homes by 34.8% in the third quarter. De Lisle Partners LLP now owns 74,589 shares of the construction company’s stock valued at $12,782,000 after purchasing an additional 19,266 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of M/I Homes during the 3rd quarter worth about $1,388,000. Townsquare Capital LLC raised its holdings in M/I Homes by 35.2% in the 3rd quarter. Townsquare Capital LLC now owns 2,433 shares of the construction company’s stock valued at $417,000 after buying an additional 634 shares during the period. BNP Paribas Financial Markets lifted its position in M/I Homes by 4.5% in the third quarter. BNP Paribas Financial Markets now owns 20,430 shares of the construction company’s stock valued at $3,501,000 after buying an additional 887 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in M/I Homes by 53.8% during the third quarter. Quantbot Technologies LP now owns 7,179 shares of the construction company’s stock worth $1,230,000 after buying an additional 2,511 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Phillip G. Creek sold 20,000 shares of the company’s 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 sale, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MHO shares. StockNews.com lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Wedbush upgraded 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. Finally, Raymond James lifted their price objective on 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.

M/I Homes Trading Down 0.4 %

NYSE MHO opened at $164.54 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 8.82 and a beta of 2.24. The firm has a 50 day simple moving average of $162.52 and a 200-day simple moving average of $147.79. M/I Homes, Inc. has a one year low of $103.62 and a one year high of $176.18.

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.