BNP Paribas Financial Markets Has $3.50 Million Stake in M/I Homes, Inc. (NYSE:MHO)

BNP Paribas Financial Markets boosted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 4.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 20,430 shares of the construction company’s stock after purchasing an additional 887 shares during the period. BNP Paribas Financial Markets’ holdings in M/I Homes were worth $3,501,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP grew its stake in M/I Homes by 53.8% during the third quarter. Quantbot Technologies LP now owns 7,179 shares of the construction company’s stock worth $1,230,000 after buying an additional 2,511 shares in the last quarter. FMR LLC lifted its holdings in shares of M/I Homes by 41.4% in the third quarter. FMR LLC now owns 96,809 shares of the construction company’s stock worth $16,589,000 after acquiring an additional 28,355 shares during the last quarter. Private Trust Co. NA bought a new position in shares of M/I Homes in the third quarter worth about $88,000. Vision Capital Corp bought a new position in shares of M/I Homes in the third quarter worth about $12,424,000. Finally, Truvestments Capital LLC lifted its holdings in shares of M/I Homes by 5.6% in the third quarter. Truvestments Capital LLC now owns 6,599 shares of the construction company’s stock worth $1,131,000 after acquiring an additional 352 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on MHO. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $155.00 to $185.00 in a report on Monday, November 4th. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

Insider Activity at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of the firm’s 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 completion of the transaction, the chief financial officer now owns 18,545 shares in the company, valued at $2,967,200. This trade represents a 51.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.

M/I Homes Stock Down 3.4 %

MHO stock opened at $162.29 on Thursday. The firm has a 50-day moving average price of $162.36 and a 200-day moving average price of $148.98. The stock has a market capitalization of $4.50 billion, a P/E ratio of 8.70 and a beta of 2.23. M/I Homes, Inc. has a 12 month low of $109.04 and a 12 month high of $176.18. 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 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.