Nordea Investment Management AB Acquires 2,971 Shares of M/I Homes, Inc. (NYSE:MHO)

Nordea Investment Management AB grew its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,309 shares of the construction company’s stock after buying an additional 2,971 shares during the quarter. Nordea Investment Management AB’s holdings in M/I Homes were worth $11,379,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in M/I Homes by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 267,684 shares of the construction company’s stock valued at $45,870,000 after purchasing an additional 14,321 shares during the last quarter. Cim Investment Management Inc. bought a new position in shares of M/I Homes in the third quarter valued at approximately $246,000. World Investment Advisors LLC purchased a new position in shares of M/I Homes during the third quarter valued at approximately $4,698,000. Invst LLC grew its holdings in M/I Homes by 20.7% during the third quarter. Invst LLC now owns 3,395 shares of the construction company’s stock worth $582,000 after buying an additional 582 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in M/I Homes by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company’s stock valued at $124,050,000 after buying an additional 21,575 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wedbush upgraded shares of 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. StockNews.com lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

M/I Homes Stock Up 0.7 %

Shares of NYSE:MHO opened at $127.72 on Thursday. M/I Homes, Inc. has a 1 year low of $109.92 and a 1 year high of $176.18. The company has a market capitalization of $3.54 billion, a PE ratio of 6.84 and a beta of 2.29. The business has a fifty day moving average price of $150.91 and a two-hundred day moving average price of $152.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60.

Insider Buying and Selling

In related news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction that occurred 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 sale, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. The trade was a 51.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is owned by insiders.

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.