Commonwealth Equity Services LLC Makes New Investment in M/I Homes, Inc. (NYSE:MHO)

Commonwealth Equity Services LLC acquired a new position in shares of M/I Homes, Inc. (NYSE:MHO – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,587 shares of the construction company’s stock, valued at approximately $627,000.

Several other hedge funds and other institutional investors have also modified their holdings of MHO. Marshall Wace LLP boosted its holdings in shares of M/I Homes by 477.6% in the 3rd quarter. Marshall Wace LLP now owns 264,324 shares of the construction company’s stock valued at $9,577,000 after buying an additional 218,561 shares during the period. Millennium Management LLC boosted its stake in M/I Homes by 447.4% during the 2nd quarter. Millennium Management LLC now owns 182,338 shares of the construction company’s stock valued at $7,232,000 after purchasing an additional 149,027 shares during the period. Goldman Sachs Group Inc. boosted its stake in M/I Homes by 41.8% during the 2nd 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 boosted its stake in M/I Homes by 63.0% during the 3rd 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. Finally, Renaissance Technologies LLC acquired a new position in M/I Homes during the 1st quarter valued at about $3,677,000. 92.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MHO. Wedbush boosted their target price on shares of M/I Homes from $63.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, February 6th. StockNews.com initiated coverage on shares of M/I Homes in a research report on Thursday, May 18th. They set a “buy” rating on the stock.

M/I Homes Stock Performance

Shares of MHO opened at $71.26 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.39 and a current ratio of 6.17. The company has a market capitalization of $1.98 billion, a PE ratio of 4.01 and a beta of 1.91. M/I Homes, Inc. has a 52 week low of $34.33 and a 52 week high of $73.75. The company’s 50 day moving average price is $64.90 and its 200 day moving average price is $56.22.

Insider Transactions at M/I Homes

In related news, insider Ann Marie Hunker sold 4,800 shares of the company’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 completion of the transaction, the insider now directly owns 100 shares in the company, valued at approximately $6,681. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other 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 value of $320,688.00. Following the completion of the transaction, the insider now owns 100 shares in the company, valued at approximately $6,681. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Phillip G. Creek sold 19,649 shares of the company’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $67.00, for a total transaction of $1,316,483.00. Following the completion of the sale, the chief financial officer now directly owns 6,513 shares in the company, valued at approximately $436,371. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,652 shares of company stock worth $2,457,701. 3.60% of the stock is owned by insiders.

M/I Homes Company 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.