M/I Homes, Inc. (NYSE:MHO) Shares Purchased by CI Investments Inc.

CI Investments Inc. raised its position in M/I Homes, Inc. (NYSE:MHOGet Rating) by 19.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,126 shares of the construction company’s stock after purchasing an additional 21,698 shares during the quarter. CI Investments Inc. owned 0.48% of M/I Homes worth $5,240,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in MHO. Donald Smith & CO. Inc. raised its holdings in shares of M/I Homes by 23.7% in the 1st quarter. Donald Smith & CO. Inc. now owns 1,986,996 shares of the construction company’s stock valued at $88,123,000 after buying an additional 380,484 shares during the period. Vanguard Group Inc. increased its stake in M/I Homes by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,957,106 shares of the construction company’s stock worth $86,798,000 after purchasing an additional 19,575 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of M/I Homes by 8.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 358,812 shares of the construction company’s stock worth $15,914,000 after purchasing an additional 27,814 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of M/I Homes by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 351,226 shares of the construction company’s stock valued at $15,578,000 after purchasing an additional 4,106 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of M/I Homes by 16.2% in the first quarter. Goldman Sachs Group Inc. now owns 349,775 shares of the construction company’s stock valued at $15,513,000 after purchasing an additional 48,737 shares in the last quarter. 91.21% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Performance

Shares of M/I Homes stock opened at $44.06 on Friday. The company has a market cap of $1.21 billion, a PE ratio of 2.68 and a beta of 1.85. M/I Homes, Inc. has a one year low of $34.33 and a one year high of $64.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.37 and a current ratio of 4.84. The business has a 50-day simple moving average of $40.67 and a 200-day simple moving average of $42.56.

Analyst Ratings Changes

MHO has been the topic of a number of research reports. Wedbush reduced their target price on shares of M/I Homes from $83.00 to $63.00 in a report on Thursday, October 27th. StockNews.com cut M/I Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th.

M/I Homes Profile

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M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family 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. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name.

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Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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