Burney Co. Takes $476,000 Position in M/I Homes, Inc. (NYSE:MHO)

Burney Co. bought a new position in M/I Homes, Inc. (NYSE:MHO) during the fourth quarter, Holdings Channel reports. The firm bought 3,578 shares of the construction company’s stock, valued at approximately $476,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MHO. Assenagon Asset Management S.A. boosted its position in M/I Homes by 260.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock worth $34,251,000 after purchasing an additional 144,406 shares in the last quarter. Vision Capital Corp purchased a new position in M/I Homes in the third quarter valued at $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of M/I Homes by 129.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company’s stock worth $21,342,000 after acquiring an additional 70,278 shares during the period. Renaissance Technologies LLC boosted its stake in shares of M/I Homes by 187.0% during the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock worth $9,673,000 after acquiring an additional 51,600 shares in the last quarter. Finally, Royce & Associates LP grew its position in shares of M/I Homes by 30.0% during the 3rd quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock valued at $33,057,000 after acquiring an additional 44,559 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Stock Up 0.9 %

MHO stock opened at $138.27 on Friday. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. The firm has a 50-day simple moving average of $147.20 and a 200-day simple moving average of $152.41. The stock has a market capitalization of $3.84 billion, a P/E ratio of 7.41 and a beta of 2.29.

Insider Buying and Selling

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on MHO. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $155.00 to $185.00 in a research note on Monday, November 4th.

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.