Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in M/I Homes, Inc. (NYSE:MHO)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in M/I Homes, Inc. (NYSE:MHO) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,100 shares of the construction company’s stock, valued at approximately $1,388,000.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in M/I Homes by 260.3% in the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock valued at $34,251,000 after buying an additional 144,406 shares during the period. Vision Capital Corp acquired a new position in shares of M/I Homes in the 3rd quarter valued at about $12,424,000. Renaissance Technologies LLC lifted its stake in shares of M/I Homes by 187.0% in the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock valued at $9,673,000 after purchasing an additional 51,600 shares during the period. American Century Companies Inc. boosted its position in shares of M/I Homes by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock valued at $85,984,000 after purchasing an additional 50,330 shares in the last quarter. Finally, Royce & Associates LP grew its stake in M/I Homes by 30.0% during the third quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock worth $33,057,000 after purchasing an additional 44,559 shares during the period. 95.14% of the stock is owned by institutional investors.

M/I Homes Stock Performance

Shares of M/I Homes stock opened at $165.03 on Monday. The business has a 50-day simple moving average of $162.43 and a 200 day simple moving average of $148.34. M/I Homes, Inc. has a one year low of $103.63 and a one year high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 8.84 and a beta of 2.24.

Insider Buying and Selling at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MHO. StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $155.00 to $185.00 in a research report on Monday, November 4th.

M/I Homes Company 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.