Royce & Associates LP Has $33.06 Million Position in M/I Homes, Inc. (NYSE:MHO)

Royce & Associates LP boosted its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 30.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,907 shares of the construction company’s stock after buying an additional 44,559 shares during the period. Royce & Associates LP owned about 0.70% of M/I Homes worth $33,057,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in M/I Homes by 42.0% during the second quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company’s stock worth $6,775,000 after buying an additional 16,413 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of M/I Homes during the first quarter valued at $776,000. Boston Partners bought a new position in shares of M/I Homes during the first quarter valued at $1,210,000. Seven Eight Capital LP lifted its holdings in shares of M/I Homes by 151.2% during the first 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 period. Finally, Tidal Investments LLC lifted its holdings in shares of M/I Homes by 621.1% during the first quarter. Tidal Investments LLC now owns 12,944 shares of the construction company’s stock valued at $1,764,000 after acquiring an additional 11,149 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Transactions at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total value of $3,200,000.00. Following the completion of the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $2,967,200. The trade was a 51.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

M/I Homes Stock Performance

Shares of NYSE:MHO opened at $154.87 on Friday. The stock has a market capitalization of $4.30 billion, a P/E ratio of 8.30 and a beta of 2.24. M/I Homes, Inc. has a 1-year low of $101.45 and a 1-year high of $176.18. 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 business has a 50-day moving average price of $162.90 and a two-hundred day moving average price of $145.02.

Analyst Ratings Changes

A number of brokerages have issued reports on MHO. 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 report on Friday, August 2nd. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $155.00 to $185.00 in a report on Monday, November 4th.

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.