State Board of Administration of Florida Retirement System Has $300,000 Stake in M/I Homes, Inc. (NYSE:MHO)

State Board of Administration of Florida Retirement System lifted its stake in shares of M/I Homes, Inc. (NYSE:MHO – Get Rating) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,505 shares of the construction company’s stock after purchasing an additional 230 shares during the period. State Board of Administration of Florida Retirement System’s holdings in M/I Homes were worth $300,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MHO. Boothbay Fund Management LLC bought a new stake in shares of M/I Homes during the third quarter worth approximately $298,000. Oberweis Asset Management Inc. raised its stake in shares of M/I Homes by 33.1% during the third quarter. Oberweis Asset Management Inc. now owns 47,900 shares of the construction company’s stock worth $1,735,000 after buying an additional 11,900 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in M/I Homes in the third quarter valued at approximately $1,196,000. Algert Global LLC increased its stake in M/I Homes by 680.2% in the third quarter. Algert Global LLC now owns 48,030 shares of the construction company’s stock valued at $1,740,000 after purchasing an additional 41,874 shares in the last quarter. Finally, FourThought Financial LLC increased its stake in M/I Homes by 33.1% in the third quarter. FourThought Financial LLC now owns 4,090 shares of the construction company’s stock valued at $148,000 after purchasing an additional 1,016 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on MHO. StockNews.com began coverage on shares of M/I Homes in a research note on Thursday. They issued a “buy” rating for the company. Wedbush upped their target price on shares of M/I Homes from $63.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, February 6th.

M/I Homes Stock Down 2.2 %

M/I Homes stock opened at $71.88 on Monday. The stock has a market capitalization of $2.00 billion, a PE ratio of 4.05 and a beta of 1.91. M/I Homes, Inc. has a twelve month low of $34.33 and a twelve month high of $73.75. The company has a quick ratio of 1.39, a current ratio of 6.17 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $63.92 and a 200-day moving average of $55.48.

Insider Activity

In other news, insider Ann Marie Hunker sold 4,800 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $66.81, for a total value of $320,688.00. Following the completion of the transaction, the insider now owns 100 shares in the company, valued at $6,681. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Ann Marie Hunker sold 4,800 shares of the stock in a transaction on Friday, April 28th. The shares were sold at an average price of $66.81, for a total transaction of $320,688.00. Following the completion of the transaction, the insider now owns 100 shares in the company, valued at $6,681. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert H. Schottenstein sold 12,203 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $67.24, for a total transaction of $820,529.72. Following the transaction, the chief executive officer now owns 98,886 shares of the company’s stock, valued at approximately $6,649,094.64. The disclosure for this sale can be found here. Insiders sold 36,652 shares of company stock worth $2,457,701 over the last quarter. 3.60% of the stock is currently owned by company insiders.

M/I Homes Profile

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M/I Homes, Inc engages in the construction and development of residential properties. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment includes Northern and Southern Homebuilding which designs, markets, constructs, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers.