Ellsworth Advisors LLC Increases Stake in M/I Homes, Inc. (NYSE:MHO)

Ellsworth Advisors LLC boosted its stake in M/I Homes, Inc. (NYSE:MHO) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,936 shares of the construction company’s stock after purchasing an additional 415 shares during the period. Ellsworth Advisors LLC’s holdings in M/I Homes were worth $523,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Arkadios Wealth Advisors increased its stake in M/I Homes by 4.2% in the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock worth $296,000 after purchasing an additional 90 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of M/I Homes during the fourth quarter valued at approximately $43,674,000. Burney Co. purchased a new position in shares of M/I Homes during the fourth quarter valued at approximately $476,000. West Oak Capital LLC increased its stake in shares of M/I Homes by 4,865.0% during the fourth quarter. West Oak Capital LLC now owns 4,965 shares of the construction company’s stock valued at $660,000 after buying an additional 4,865 shares during the period. Finally, Range Financial Group LLC purchased a new position in shares of M/I Homes during the fourth quarter valued at approximately $834,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Trading Up 0.9 %

NYSE MHO opened at $138.27 on Tuesday. 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 twelve month low of $109.92 and a twelve month high of $176.18. The firm has a market capitalization of $3.84 billion, a PE ratio of 7.41 and a beta of 2.29. The stock’s 50 day moving average is $146.64 and its 200 day moving average is $153.03.

Insider Activity at M/I Homes

In related 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 transaction of $3,200,000.00. Following the sale, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MHO. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $155.00 to $185.00 in a research note on Monday, November 4th. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

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.