GSA Capital Partners LLP Sells 1,276 Shares of M/I Homes, Inc. (NYSE:MHO)

GSA Capital Partners LLP reduced its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 12.8% in the third quarter, HoldingsChannel.com reports. The fund owned 8,667 shares of the construction company’s stock after selling 1,276 shares during the quarter. GSA Capital Partners LLP’s holdings in M/I Homes were worth $1,485,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MHO. Assenagon Asset Management S.A. raised its position in M/I Homes by 260.3% during the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock valued at $34,251,000 after purchasing an additional 144,406 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of M/I Homes by 187.0% during the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock valued at $9,673,000 after buying an additional 51,600 shares in the last quarter. American Century Companies Inc. lifted its position in M/I Homes by 7.7% in the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after buying an additional 50,330 shares during the last quarter. Vanguard Group Inc. boosted its stake in M/I Homes by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock worth $285,719,000 after buying an additional 39,542 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its position in M/I Homes by 3.0% during the first quarter. Westfield Capital Management Co. LP now owns 1,219,989 shares of the construction company’s stock valued at $166,272,000 after acquiring an additional 35,558 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Stock Performance

NYSE:MHO opened at $153.50 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81. M/I Homes, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $176.18. The firm has a market cap of $4.26 billion, a PE ratio of 8.23 and a beta of 2.24. The business has a 50 day moving average price of $162.94 and a 200-day moving average price of $144.96.

Analyst Upgrades and Downgrades

MHO has been the subject of a number of recent research reports. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $155.00 to $185.00 in a report on Monday, November 4th. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, 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 note on Friday, August 2nd.

Insider Activity at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the firm’s stock in a transaction 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 owns 18,545 shares of the company’s stock, valued at $2,967,200. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is currently owned by company insiders.

M/I Homes 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.