Principal Financial Group Inc. Has $23.45 Million Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in M/I Homes by 260.3% during the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock valued at $34,251,000 after purchasing an additional 144,406 shares during the period. Vision Capital Corp bought a new position in shares of M/I Homes during the third quarter worth $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of M/I Homes by 129.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company’s stock valued at $21,342,000 after buying an additional 70,278 shares during the period. Renaissance Technologies LLC increased its position in shares of M/I Homes by 187.0% in the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock valued at $9,673,000 after buying an additional 51,600 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in M/I Homes by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock worth $85,984,000 after buying an additional 50,330 shares during the period. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Price Performance

Shares of NYSE MHO opened at $136.11 on Thursday. The company has a fifty day moving average price of $157.60 and a 200 day moving average price of $151.53. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The firm has a market cap of $3.78 billion, a PE ratio of 7.29 and a beta of 2.23. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33.

Insider Transactions at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the business’s 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 owns 18,545 shares in the company, valued at approximately $2,967,200. The trade was a 51.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MHO shares. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Wedbush raised 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 research note on Monday, November 4th.

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.