Hantz Financial Services Inc. Cuts Stock Position in M/I Homes, Inc. (NYSE:MHO)

Hantz Financial Services Inc. lowered its position in M/I Homes, Inc. (NYSE:MHO) by 4.6% in the third quarter, Holdings Channel.com reports. The firm owned 4,250 shares of the construction company’s stock after selling 204 shares during the quarter. Hantz Financial Services Inc.’s holdings in M/I Homes were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. increased its position in shares of M/I Homes by 42.0% in the second quarter. Assenagon Asset Management S.A. now owns 55,471 shares of the construction company’s stock valued at $6,775,000 after buying an additional 16,413 shares in the last quarter. Boston Partners acquired a new stake in shares of M/I Homes during the first quarter worth $1,210,000. Canada Pension Plan Investment Board acquired a new stake in M/I Homes in the 2nd quarter worth about $1,124,000. Renaissance Technologies LLC grew its holdings in M/I Homes by 187.0% in the second quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock valued at $9,673,000 after purchasing an additional 51,600 shares during the period. Finally, Algert Global LLC grew its stake in shares of M/I Homes by 23.8% during the 2nd quarter. Algert Global LLC now owns 63,105 shares of the construction company’s stock valued at $7,708,000 after buying an additional 12,123 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at M/I Homes

In related news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes 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 transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.70% of the company’s stock.

M/I Homes Stock Up 0.3 %

Shares of M/I Homes stock opened at $165.03 on Monday. M/I Homes, Inc. has a 1-year low of $103.63 and a 1-year high of $176.18. The business’s fifty day moving average price is $162.43 and its two-hundred day moving average price is $148.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. The company has a market capitalization of $4.58 billion, a P/E ratio of 8.84 and a beta of 2.24.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MHO shares. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $155.00 to $185.00 in a research note on Monday, November 4th. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

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.