Orion Portfolio Solutions LLC Acquires New Holdings in M/I Homes, Inc. (NYSE:MHO)

Orion Portfolio Solutions LLC acquired a new position in shares of M/I Homes, Inc. (NYSE:MHO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,171 shares of the construction company’s stock, valued at approximately $201,000.

Several other institutional investors have also recently modified their holdings of the stock. Westfield Capital Management Co. LP increased its position in M/I Homes by 3.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,107,024 shares of the construction company’s stock worth $189,700,000 after purchasing an additional 39,492 shares in the last quarter. American Century Companies Inc. grew its position in shares of M/I Homes by 7.7% in the second quarter. American Century Companies Inc. now owns 703,983 shares of the construction company’s stock valued at $85,984,000 after purchasing an additional 50,330 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in M/I Homes by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company’s stock worth $79,182,000 after buying an additional 19,754 shares during the last quarter. Basswood Capital Management L.L.C. increased its stake in shares of M/I Homes by 1.8% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company’s stock valued at $53,916,000 after acquiring an additional 5,571 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in M/I Homes by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company’s stock valued at $32,046,000 after purchasing an additional 13,782 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MHO. StockNews.com downgraded 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 raised their target price for the company from $155.00 to $185.00 in a report on Monday, November 4th.

Insiders Place Their Bets

In related news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction dated 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 represents a 51.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by corporate insiders.

M/I Homes Stock Performance

Shares of MHO opened at $133.97 on Friday. The business’s fifty day moving average price is $158.93 and its 200 day moving average price is $151.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. M/I Homes, Inc. has a 12-month low of $109.92 and a 12-month high of $176.18. The stock has a market capitalization of $3.72 billion, a PE ratio of 7.18 and a beta of 2.23.

About M/I Homes

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.