Ellsworth Advisors LLC Invests $603,000 in M/I Homes, Inc. (NYSE:MHO)

Ellsworth Advisors LLC acquired a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,521 shares of the construction company's stock, valued at approximately $603,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in shares of M/I Homes by 42.8% during the second 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 boosted its position in shares of M/I Homes by 1.7% during the 2nd quarter. Bay Rivers Group now owns 4,458 shares of the construction company's stock valued at $544,000 after purchasing an additional 75 shares in the last quarter. Xponance Inc. boosted its holdings in M/I Homes by 4.9% during the second quarter. Xponance Inc. now owns 1,718 shares of the construction company's stock worth $210,000 after buying an additional 80 shares in the last quarter. Truist Financial Corp grew 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 worth $760,000 after acquiring an additional 87 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its holdings in M/I Homes by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,393 shares of the construction company's stock worth $1,025,000 after buying an additional 123 shares during the period. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Trading Up 1.4 %

Shares of MHO traded up $2.42 on Friday, reaching $174.24. 260,101 shares of the company's stock were exchanged, compared to its average volume of 276,606. M/I Homes, Inc. has a 12 month low of $74.79 and a 12 month high of $176.18. The business has a 50 day moving average price of $161.17 and a two-hundred day moving average price of $139.88. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $4.84 billion, a P/E ratio of 10.03 and a beta of 2.23.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, beating the consensus estimate of $4.60 by $0.52. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. During the same quarter in the prior year, the firm posted $4.12 EPS. Research analysts anticipate that M/I Homes, Inc. will post 19.76 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on MHO. StockNews.com lowered shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a research note on Friday. Raymond James raised their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the stock a "strong-buy" rating in a report on Friday, August 2nd.

Insider Activity at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 2,767 shares of M/I Homes stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.24, for a total value of $459,986.08. Following the completion of the transaction, the chief financial officer now directly owns 18,545 shares of the company's stock, valued at $3,082,920.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other M/I Homes news, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.12, for a total value of $347,024.68. Following the completion of the sale, the chief executive officer now directly owns 122,951 shares of the company's stock, valued at approximately $20,424,620.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Phillip G. Creek sold 2,767 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $166.24, for a total value of $459,986.08. Following the sale, the chief financial officer now owns 18,545 shares of the company's stock, valued at approximately $3,082,920.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

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.