Colonial River Investments LLC Makes New $397,000 Investment in M/I Homes, Inc. (NYSE:MHO)

Colonial River Investments LLC purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,315 shares of the construction company’s stock, valued at approximately $397,000.

A number of other hedge funds have also modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in M/I Homes in the third quarter valued at about $27,000. Signaturefd LLC increased its holdings in 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 during the last quarter. CWM LLC raised its position in M/I Homes by 184.8% during the second quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after acquiring an additional 329 shares in the last quarter. Quarry LP lifted its stake in M/I Homes by 148.0% in the second quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after acquiring an additional 333 shares during the last quarter. Finally, EntryPoint Capital LLC grew its position in M/I Homes by 89.1% in the first quarter. EntryPoint Capital LLC now owns 692 shares of the construction company’s stock worth $94,000 after acquiring an additional 326 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction dated 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 transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $2,967,200. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MHO shares. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their price target for the company from $155.00 to $185.00 in a report on Monday, November 4th. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Raymond James increased their price objective on M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd.

M/I Homes Stock Performance

NYSE:MHO opened at $167.03 on Friday. The firm has a market capitalization of $4.64 billion, a PE ratio of 8.95 and a beta of 2.24. M/I Homes, Inc. has a 1 year low of $93.32 and a 1 year high of $176.18. The company has a current ratio of 6.81, a quick ratio of 1.53 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $162.79 and its 200 day simple moving average is $144.23.

About M/I Homes

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.