OVERSEA CHINESE BANKING Corp Ltd Invests $250,000 in M/I Homes, Inc. (NYSE:MHO)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of M/I Homes, Inc. (NYSE:MHO) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 1,461 shares of the construction company’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of M/I Homes by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company’s stock valued at $285,719,000 after acquiring an additional 39,542 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in M/I Homes by 3.0% in the first quarter. Westfield Capital Management Co. LP now owns 1,219,989 shares of the construction company’s stock valued at $166,272,000 after purchasing an additional 35,558 shares in the last quarter. American Century Companies Inc. lifted its position in M/I Homes by 7.7% during the second 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 during the last quarter. Bank of New York Mellon Corp grew its stake in M/I Homes by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company’s stock worth $32,046,000 after buying an additional 13,782 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of 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 buying an additional 144,406 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction that occurred on 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 of the company’s stock, valued at $2,967,200. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is currently owned by corporate insiders.

M/I Homes Stock Performance

M/I Homes stock opened at $153.50 on Thursday. The firm has a fifty day simple moving average of $162.94 and a two-hundred day simple moving average of $144.96. M/I Homes, Inc. has a twelve month low of $100.00 and a twelve month high of $176.18. The company has a market capitalization of $4.26 billion, a PE ratio of 8.23 and a beta of 2.24. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33.

Wall Street Analyst Weigh In

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

M/I Homes 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.