Thrivent Financial for Lutherans Reduces Stake in M/I Homes, Inc. (NYSE:MHO)

Thrivent Financial for Lutherans trimmed its stake in M/I Homes, Inc. (NYSE:MHO – Get Rating) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,135 shares of the construction company’s stock after selling 562 shares during the quarter. Thrivent Financial for Lutherans’ holdings in M/I Homes were worth $1,299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of M/I Homes by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,957,106 shares of the construction company’s stock valued at $86,798,000 after purchasing an additional 19,575 shares during the period. Goldman Sachs Group Inc. raised its position in shares of M/I Homes by 41.8% in the second quarter. Goldman Sachs Group Inc. now owns 496,120 shares of the construction company’s stock valued at $19,676,000 after purchasing an additional 146,345 shares during the period. Balyasny Asset Management LLC raised its position in shares of M/I Homes by 63.0% in the third quarter. Balyasny Asset Management LLC now owns 367,598 shares of the construction company’s stock valued at $13,318,000 after purchasing an additional 142,009 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of M/I Homes by 8.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 358,812 shares of the construction company’s stock valued at $15,914,000 after purchasing an additional 27,814 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of M/I Homes by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 351,226 shares of the construction company’s stock valued at $15,578,000 after purchasing an additional 4,106 shares during the period. Institutional investors own 92.42% of the company’s stock.

M/I Homes Stock Performance

M/I Homes stock opened at $71.88 on Monday. The firm’s 50 day simple moving average is $63.92 and its 200 day simple moving average is $55.48. The company has a current ratio of 6.17, a quick ratio of 1.39 and a debt-to-equity ratio of 0.42. The firm 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 1-year low of $34.33 and a 1-year high of $73.75.

Analysts Set New Price Targets

MHO has been the topic of several research reports. Wedbush boosted their price target on shares of M/I Homes from $63.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, February 6th. StockNews.com assumed coverage on shares of M/I Homes in a report on Thursday. They set a “buy” rating on the stock.

Insider Buying and Selling

In related news, CEO Robert H. Schottenstein sold 12,203 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $67.24, for a total transaction of $820,529.72. Following the sale, the chief executive officer now owns 98,886 shares of the company’s stock, valued at approximately $6,649,094.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Ann Marie Hunker sold 4,800 shares of the firm’s 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 sale, the insider now owns 100 shares in the company, valued at approximately $6,681. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert H. Schottenstein sold 12,203 shares of the firm’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $67.24, for a total transaction of $820,529.72. Following the sale, the chief executive officer now owns 98,886 shares in the company, valued at approximately $6,649,094.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,652 shares of company stock valued at $2,457,701. Company insiders own 3.60% of the company’s stock.

About M/I Homes

(Get Rating)

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.