M/I Homes, Inc. (NYSE:MHO) Stock Position Raised by De Lisle Partners LLP

De Lisle Partners LLP lifted its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 34.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,589 shares of the construction company's stock after buying an additional 19,266 shares during the quarter. M/I Homes comprises about 2.1% of De Lisle Partners LLP's holdings, making the stock its 9th biggest holding. De Lisle Partners LLP owned 0.27% of M/I Homes worth $12,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Signaturefd LLC increased its holdings in shares of M/I Homes by 42.8% in the 2nd quarter. Signaturefd LLC now owns 237 shares of the construction company's stock valued at $29,000 after acquiring an additional 71 shares during the period. Bay Rivers Group increased its holdings in shares of M/I Homes by 1.7% in the 2nd quarter. Bay Rivers Group now owns 4,458 shares of the construction company's stock valued at $544,000 after acquiring an additional 75 shares during the period. Xponance Inc. increased its holdings in shares of M/I Homes by 4.9% in the 2nd quarter. Xponance Inc. now owns 1,718 shares of the construction company's stock valued at $210,000 after acquiring an additional 80 shares during the period. Truist Financial Corp increased its holdings in shares of M/I Homes by 1.4% in the 2nd quarter. Truist Financial Corp now owns 6,219 shares of the construction company's stock valued at $760,000 after acquiring an additional 87 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in shares of M/I Homes by 4.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,136 shares of the construction company's stock valued at $366,000 after acquiring an additional 99 shares during the period. Hedge funds and other institutional investors own 95.14% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MHO. StockNews.com cut shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Wedbush raised shares of M/I Homes from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $155.00 to $185.00 in a report on Monday, November 4th. Finally, Raymond James boosted their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the company a "strong-buy" rating in a research note on Friday, August 2nd.

M/I Homes Stock Performance

NYSE:MHO traded down $0.58 during mid-day trading on Thursday, reaching $164.54. The stock had a trading volume of 175,922 shares, compared to its average volume of 275,118. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81. The business has a 50 day simple moving average of $162.67 and a 200 day simple moving average of $147.67. M/I Homes, Inc. has a twelve month low of $103.62 and a twelve month high of $176.18. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 8.82 and a beta of 2.24.

Insiders Place Their Bets

In other M/I Homes 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 directly owns 18,545 shares of the company's stock, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company's stock.

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.