Charles Schwab Investment Management Inc. Has $79.18 Million Stake in M/I Homes, Inc. (NYSE:MHO)

Charles Schwab Investment Management Inc. grew its holdings in M/I Homes, Inc. (NYSE:MHO) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 462,081 shares of the construction company’s stock after purchasing an additional 19,754 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.67% of M/I Homes worth $79,182,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased 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 buying an additional 144,406 shares during the period. Renaissance Technologies LLC grew its stake in shares of M/I Homes by 187.0% in the second 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 during the last quarter. American Century Companies Inc. increased 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 worth $85,984,000 after acquiring an additional 50,330 shares during the period. Royce & Associates LP raised its stake in 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 purchasing an additional 44,559 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in M/I Homes by 112.6% in the 3rd quarter. Raymond James & Associates now owns 44,132 shares of the construction company’s stock valued at $7,562,000 after purchasing an additional 23,372 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Buying and Selling

In other 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 value of $3,200,000.00. Following the completion of the transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MHO. Raymond James upped their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the company 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 boosted their price target for the company from $155.00 to $185.00 in a research note 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 Trading Down 0.4 %

Shares of MHO stock opened at $164.54 on Thursday. The firm has a fifty day moving average of $162.67 and a 200-day moving average of $147.67. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 8.82 and a beta of 2.24. M/I Homes, Inc. has a 52-week low of $103.62 and a 52-week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81.

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.