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

Ellsworth Advisors LLC bought a new stake in M/I Homes, Inc. (NYSE:MHO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,521 shares of the construction company’s stock, valued at approximately $603,000.

A number of other large investors have also added to or reduced their stakes in the company. Signaturefd LLC raised 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 worth $29,000 after acquiring an additional 71 shares in the last quarter. CWM LLC raised its position in M/I Homes by 184.8% in the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after purchasing an additional 329 shares during the period. Hollencrest Capital Management bought a new stake in M/I Homes in the first quarter worth $68,000. Quarry LP boosted its position in M/I Homes by 148.0% during the second quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after buying an additional 333 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in shares of M/I Homes during the first quarter valued at about $86,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MHO shares. StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday. Raymond James increased their price objective on 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

Shares of NYSE:MHO opened at $174.24 on Friday. 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 company has a market cap of $4.84 billion, a price-to-earnings ratio of 10.03 and a beta of 2.23. M/I Homes, Inc. has a 12 month low of $74.79 and a 12 month high of $176.18. The company has a 50-day moving average price of $161.17 and a 200-day moving average price of $139.88.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, beating analysts’ consensus estimates of $4.60 by $0.52. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates 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 company posted $4.12 EPS. As a group, equities analysts anticipate that M/I Homes, Inc. will post 19.76 EPS for the current year.

Insider Buying and Selling

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

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.