Royce & Associates LP Buys 44,559 Shares of M/I Homes, Inc. (NYSE:MHO)

Royce & Associates LP lifted its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 30.0% during the third quarter, HoldingsChannel reports. The firm owned 192,907 shares of the construction company’s stock after acquiring an additional 44,559 shares during the quarter. Royce & Associates LP’s holdings in M/I Homes were worth $33,057,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in 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 buying an additional 71 shares in the last quarter. Bay Rivers Group grew its holdings in 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 buying an additional 75 shares in the last quarter. Xponance Inc. grew its holdings in 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 buying an additional 80 shares in the last quarter. Truist Financial Corp grew its holdings in 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 buying an additional 87 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in 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 buying an additional 99 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

M/I Homes Price Performance

M/I Homes stock opened at $154.87 on Friday. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $4.30 billion, a PE ratio of 8.30 and a beta of 2.24. M/I Homes, Inc. has a 12 month low of $101.45 and a 12 month high of $176.18. The stock has a 50-day moving average price of $162.90 and a two-hundred day moving average price of $145.02.

Insider Transactions at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction that occurred 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 approximately $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About M/I Homes

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.