Wealth Enhancement Advisory Services LLC Acquires Shares of 4,489 M/I Homes, Inc. (NYSE:MHO)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,489 shares of the construction company's stock, valued at approximately $769,000.

Several other hedge funds have also modified their holdings of the stock. Signaturefd LLC grew 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 purchasing an additional 71 shares during the last quarter. Bay Rivers Group grew its stake in shares of M/I Homes by 1.7% during the second 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 during the last quarter. Xponance Inc. grew its stake in shares of M/I Homes by 4.9% during the second quarter. Xponance Inc. now owns 1,718 shares of the construction company's stock valued at $210,000 after purchasing an additional 80 shares during the last quarter. Truist Financial Corp grew its stake in shares of M/I Homes by 1.4% during the second quarter. Truist Financial Corp now owns 6,219 shares of the construction company's stock valued at $760,000 after purchasing an additional 87 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of M/I Homes by 4.9% during the third quarter. Arkadios Wealth Advisors now owns 2,136 shares of the construction company's stock valued at $366,000 after purchasing an additional 99 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Raymond James raised 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. StockNews.com cut shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, Wedbush upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $155.00 to $185.00 in a report on Monday.

M/I Homes Stock Up 2.1 %

MHO stock traded up $3.40 during midday trading on Thursday, hitting $164.33. The company's stock had a trading volume of 301,549 shares, compared to its average volume of 277,837. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.53. M/I Homes, Inc. has a twelve month low of $93.32 and a twelve month high of $176.18. The company's fifty day moving average price is $162.64 and its 200 day moving average price is $143.68. The stock has a market capitalization of $4.56 billion, a P/E ratio of 8.81 and a beta of 2.24.

Insider Activity

In related news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the completion of the sale, the chief financial officer now owns 18,545 shares of the company's stock, valued at approximately $2,967,200. The trade was a 0.00 % decrease in their position. 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 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.