Stifel Financial Corp Has $2.15 Million Holdings in M/I Homes, Inc. (NYSE:MHO)

Stifel Financial Corp trimmed its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 9.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,563 shares of the construction company’s stock after selling 1,255 shares during the period. Stifel Financial Corp’s holdings in M/I Homes were worth $2,153,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its stake in shares of M/I Homes by 260.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock worth $34,251,000 after acquiring an additional 144,406 shares in the last quarter. Vision Capital Corp acquired a new stake in M/I Homes in the 3rd quarter worth approximately $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in M/I Homes by 129.5% during 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 purchasing an additional 70,278 shares during the period. Renaissance Technologies LLC grew its holdings in M/I Homes by 187.0% during the second 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 last quarter. Finally, American Century Companies Inc. raised its position in shares of M/I Homes by 7.7% in 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 period. 95.14% of the stock is currently owned by institutional investors.

Insider Activity at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on MHO shares. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their target price for the company from $155.00 to $185.00 in a research note on Monday, November 4th. 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 Stock Down 3.5 %

Shares of MHO stock opened at $136.40 on Friday. M/I Homes, Inc. has a 12 month low of $109.92 and a 12 month 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 market cap of $3.79 billion, a PE ratio of 7.31 and a beta of 2.23. The stock has a 50 day moving average of $159.51 and a 200-day moving average of $150.96.

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.