Vanguard Group Maintains Significant Stake in M/I Homes Inc.
Ticker: MHO · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 799292
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Vanguard still owns a big chunk of M/I Homes, signaling confidence.**
AI Summary
The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its ownership of M/I Homes Inc. common stock as of December 29, 2023. This filing updates their previous disclosures, showing their continued significant, passive stake in the homebuilder. For investors, this means a large, stable institutional holder believes in M/I Homes, which can signal confidence and potentially reduce stock volatility.
Why It Matters
This filing confirms that a major institutional investor, The Vanguard Group, continues to hold a substantial position in M/I Homes Inc., signaling their long-term confidence in the company's prospects. This can be reassuring for current and potential shareholders, as large institutional ownership often implies thorough due diligence and a belief in the company's stability.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company operations.
Analyst Insight
An investor should note that a major institutional investor like Vanguard maintains a position in M/I Homes, suggesting long-term stability and confidence. This filing doesn't indicate any immediate buy/sell signals but reinforces the company's institutional backing.
Key Players & Entities
- The Vanguard Group (company) — the reporting person and institutional investor
- M/I Homes Inc. (company) — the issuer of the securities
- December 29, 2023 (date) — the date of the event requiring the filing
- February 13, 2024 (date) — the filing date of the SC 13G/A amendment
- Pennsylvania (company) — place of organization for The Vanguard Group
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, used by passive investors to report beneficial ownership of 5% or more of a company's stock.
Who is the reporting person in this filing?
The reporting person is The Vanguard Group, with IRS Identification No. 23-1945930, organized in Pennsylvania.
What company's securities are being reported on?
The securities being reported on are the Common Stock of M/I Homes Inc., with CUSIP Number 55305B101.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Filing Stats: 810 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-02-13 17:08:11
Filing Documents
- tv01380-mihomesinc.htm (SC 13G/A) — 11KB
- 0001104659-24-021387.txt ( ) — 13KB
(a) - Name of Issuer
Item 1(a) - Name of Issuer: M/I Homes Inc
(b) - Address of Issuer's Principal Executive Offices
Item 1(b) - Address of Issuer's Principal Executive Offices: 4131 Worth Avenue, Suite 500 Columbus, OH 43219-6011
(a) - Name of Person Filing
Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930
(b) – Address of Principal Business Office or, if none, residence
Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355
(c) – Citizenship
Item 2(c) – Citizenship: Pennsylvania
(d) - Title of Class of Securities
Item 2(d) - Title of Class of Securities: Common Stock
(e) - CUSIP Number
Item 2(e) - CUSIP Number 55305B101
- Type of Filing
Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
- Ownership
Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.
- Ownership of Five Percent or Less of a Class
Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following
- Ownership of More Than Five Percent on Behalf of Another Person
Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable
- Identification and Classification of Members of Group
Item 8 - Identification and Classification of Members of Group: Not applicable
- Notice of Dissolution of Group
Item 9 - Notice of Dissolution of Group: Not applicable
- Certification
Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration