Nordea Investment Management AB Has $11.38 Million Holdings in M/I Homes, Inc. (NYSE:MHO)

Nordea Investment Management AB increased its holdings in M/I Homes, Inc. (NYSE:MHO) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,309 shares of the construction company’s stock after purchasing an additional 2,971 shares during the quarter. Nordea Investment Management AB owned approximately 0.31% of M/I Homes worth $11,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MHO. Assenagon Asset Management S.A. raised its position in shares of 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 worth $34,251,000 after acquiring an additional 144,406 shares during the last quarter. Vision Capital Corp bought a new position in M/I Homes during the 3rd quarter worth approximately $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 purchasing an additional 70,278 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of M/I Homes by 187.0% during the second quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock worth $9,673,000 after buying an additional 51,600 shares during the period. Finally, American Century Companies Inc. increased its position in shares of M/I Homes by 7.7% during the second 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 and hedge funds.

Analyst Ratings Changes

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

Insider Activity

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 value of $3,200,000.00. Following the completion of the sale, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $2,967,200. The trade was a 51.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

M/I Homes Stock Up 0.7 %

Shares of NYSE MHO opened at $127.72 on Thursday. 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 $3.54 billion, a PE ratio of 6.84 and a beta of 2.29. The company’s fifty day simple moving average is $150.91 and its 200 day simple moving average is $152.05. M/I Homes, Inc. has a 12-month low of $109.92 and a 12-month high of $176.18.

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.