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 stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total value of $3,200,000.00. Following the sale, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

M/I Homes Stock Performance

NYSE MHO traded up $3.40 during trading hours on Thursday, hitting $164.33. The company’s stock had a trading volume of 301,519 shares, compared to its average volume of 277,837. M/I Homes, Inc. has a 12 month low of $93.32 and a 12 month high of $176.18. The company’s 50 day simple moving average is $162.52 and its two-hundred day simple moving average is $143.53. The company has a market cap of $4.56 billion, a P/E ratio of 8.62 and a beta of 2.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.53.

Wall Street Analyst Weigh In

Several brokerages have commented on MHO. Raymond James raised their price objective 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. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and raised their price target for the company from $155.00 to $185.00 in a report on Monday.

Institutional Trading of M/I Homes

A number of large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in shares of M/I Homes by 42.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company’s stock valued at $6,775,000 after purchasing an additional 16,413 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in M/I Homes in the 1st quarter valued at $776,000. Boston Partners bought a new position in M/I Homes in the 1st quarter valued at $1,210,000. BNP Paribas Financial Markets grew its position in M/I Homes by 50.1% in the 1st quarter. BNP Paribas Financial Markets now owns 22,663 shares of the construction company’s stock valued at $3,089,000 after acquiring an additional 7,561 shares during the last quarter. Finally, Seven Eight Capital LP grew its position in M/I Homes by 151.2% in the 1st quarter. Seven Eight Capital LP now owns 13,057 shares of the construction company’s stock valued at $1,780,000 after acquiring an additional 7,859 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

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.