Westfield Capital Management Co. LP Has $163.14 Million Holdings in M/I Homes, Inc. (NYSE:MHO)

Westfield Capital Management Co. LP grew its holdings in M/I Homes, Inc. (NYSE:MHO) by 21.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,184,431 shares of the construction company’s stock after acquiring an additional 206,509 shares during the period. M/I Homes comprises 1.0% of Westfield Capital Management Co. LP’s holdings, making the stock its 16th biggest position. Westfield Capital Management Co. LP’s holdings in M/I Homes were worth $163,144,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in M/I Homes during the 4th quarter worth approximately $29,000. GAMMA Investing LLC bought a new position in M/I Homes during the 4th quarter worth $27,000. USA Financial Formulas increased its position in M/I Homes by 578.1% during the 4th quarter. USA Financial Formulas now owns 217 shares of the construction company’s stock worth $30,000 after buying an additional 185 shares during the period. Strs Ohio lifted its holdings in shares of M/I Homes by 200.0% during the third quarter. Strs Ohio now owns 300 shares of the construction company’s stock worth $25,000 after buying an additional 200 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its position in shares of M/I Homes by 1,979.2% in the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after acquiring an additional 475 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Susan E. Krohne sold 9,000 shares of M/I Homes stock in a transaction on Friday, April 26th. The stock was sold at an average price of $122.00, for a total value of $1,098,000.00. Following the transaction, the insider now owns 3,609 shares in the company, valued at approximately $440,298. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Ann Marie Hunker sold 2,461 shares of M/I Homes stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the sale, the insider now owns 2,342 shares in the company, valued at approximately $300,970.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan E. Krohne sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $122.00, for a total value of $1,098,000.00. Following the transaction, the insider now directly owns 3,609 shares in the company, valued at $440,298. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,661 shares of company stock worth $3,756,663. Corporate insiders own 3.70% of the company’s stock.

M/I Homes Price Performance

Shares of MHO traded up $2.16 during trading hours on Friday, hitting $124.80. 157,585 shares of the company were exchanged, compared to its average volume of 264,210. The company has a quick ratio of 1.99, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. M/I Homes, Inc. has a fifty-two week low of $69.28 and a fifty-two week high of $140.73. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 7.18 and a beta of 2.16. The firm’s fifty day moving average is $123.21 and its 200 day moving average is $121.92.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.82. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. On average, equities analysts anticipate that M/I Homes, Inc. will post 18.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MHO has been the topic of a number of recent research reports. StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. Wedbush reaffirmed a “neutral” rating and set a $130.00 target price (up from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th.

M/I Homes Company 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.