Round Hill Asset Management Has $2.25 Million Position in M/I Homes, Inc. (NYSE:MHO)

Round Hill Asset Management lifted its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 34.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,120 shares of the construction company's stock after buying an additional 3,350 shares during the period. M/I Homes makes up approximately 1.5% of Round Hill Asset Management's investment portfolio, making the stock its 21st biggest position. Round Hill Asset Management's holdings in M/I Homes were worth $2,248,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of M/I Homes by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company's stock valued at $285,719,000 after buying an additional 39,542 shares during the period. American Century Companies Inc. lifted its stake in M/I Homes by 7.7% during the second quarter. American Century Companies Inc. now owns 703,983 shares of the construction company's stock worth $85,984,000 after purchasing an additional 50,330 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in M/I Homes by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company's stock worth $79,182,000 after purchasing an additional 19,754 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in M/I Homes by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 262,373 shares of the construction company's stock worth $32,046,000 after purchasing an additional 13,782 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in M/I Homes by 260.3% during the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company's stock worth $34,251,000 after purchasing an additional 144,406 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MHO. StockNews.com cut M/I Homes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Wedbush upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $155.00 to $185.00 in a report on Monday, November 4th. Finally, Raymond James upped their price target 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 related news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total value of $3,200,000.00. Following the completion of the sale, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by company insiders.

M/I Homes Price Performance

Shares of NYSE:MHO traded up $4.40 during trading on Friday, hitting $160.59. 173,757 shares of the company were exchanged, compared to its average volume of 278,199. The business's 50 day moving average is $162.71 and its 200-day moving average is $146.77. The company has a market capitalization of $4.46 billion, a P/E ratio of 8.61 and a beta of 2.24. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 1-year low of $103.62 and a 1-year high of $176.18.

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.