Westfield Capital Management Co. LP Boosts Stake in M/I Homes, Inc. (NYSE:MHO)

Westfield Capital Management Co. LP increased its position in M/I Homes, Inc. (NYSE:MHO) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,107,024 shares of the construction company’s stock after buying an additional 39,492 shares during the period. M/I Homes accounts for about 0.9% of Westfield Capital Management Co. LP’s investment portfolio, making the stock its 22nd biggest position. Westfield Capital Management Co. LP owned about 3.99% of M/I Homes worth $189,700,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of M/I Homes in the third quarter worth about $27,000. Signaturefd LLC lifted its position in shares of M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after buying an additional 71 shares in the last quarter. CWM LLC lifted its position in shares of M/I Homes by 184.8% in the second quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after buying an additional 329 shares in the last quarter. Quarry LP lifted its position in shares of M/I Homes by 148.0% in the second quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after buying an additional 333 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in M/I Homes by 90.6% during the third quarter. GAMMA Investing LLC now owns 606 shares of the construction company’s stock valued at $104,000 after purchasing an additional 288 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Trading Up 2.8 %

Shares of NYSE MHO opened at $160.59 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 business’s 50 day moving average price is $162.71 and its 200-day moving average price is $146.60. M/I Homes, Inc. has a fifty-two week low of $103.62 and a fifty-two week high of $176.18. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 8.61 and a beta of 2.24.

Insider Transactions at M/I Homes

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MHO shares. Raymond James upped 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. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $155.00 to $185.00 in a research report on Monday, November 4th. Finally, StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

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.