Principal Financial Group Inc. Sells 13,356 Shares of M/I Homes, Inc. (NYSE:MHO)

Principal Financial Group Inc. decreased its position in shares of M/I Homes, Inc. (NYSE:MHO) by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,818 shares of the construction company’s stock after selling 13,356 shares during the period. Principal Financial Group Inc. owned approximately 0.49% of M/I Homes worth $23,445,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MHO. V Square Quantitative Management LLC bought a new position in M/I Homes during the third quarter valued at $27,000. Signaturefd LLC increased its holdings in shares of M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after buying an additional 71 shares during the last quarter. CWM LLC raised its position in shares of M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after buying an additional 329 shares in the last quarter. Quarry LP lifted its holdings in shares of M/I Homes by 148.0% in the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after acquiring an additional 333 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its holdings in shares of M/I Homes by 89.1% in the 1st quarter. EntryPoint Capital LLC now owns 692 shares of the construction company’s stock valued at $94,000 after acquiring an additional 326 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Insider Buying and Selling at M/I Homes

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 sale, the chief financial officer now directly owns 18,545 shares in the company, valued at approximately $2,967,200. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MHO. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and increased their price target for the company from $155.00 to $185.00 in a report on Monday, November 4th. Finally, Raymond James raised their price target on 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.

M/I Homes Stock Performance

Shares of NYSE:MHO opened at $153.50 on Thursday. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 12 month low of $100.00 and a 12 month high of $176.18. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 8.23 and a beta of 2.24. The firm’s 50-day moving average is $162.94 and its 200 day moving average is $144.96.

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.