Ellsworth Advisors LLC Buys 415 Shares of M/I Homes, Inc. (NYSE:MHO)

Ellsworth Advisors LLC boosted its stake in M/I Homes, Inc. (NYSE:MHO) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,936 shares of the construction company’s stock after purchasing an additional 415 shares during the quarter. Ellsworth Advisors LLC’s holdings in M/I Homes were worth $523,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new position in M/I Homes in the 2nd quarter worth about $1,124,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of M/I Homes during the 3rd quarter valued at about $1,388,000. Renaissance Technologies LLC boosted its position in shares of M/I Homes by 187.0% during the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company’s stock valued at $9,673,000 after acquiring an additional 51,600 shares during the last quarter. West Oak Capital LLC boosted its position in shares of M/I Homes by 4,865.0% during the 4th quarter. West Oak Capital LLC now owns 4,965 shares of the construction company’s stock valued at $660,000 after acquiring an additional 4,865 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of M/I Homes during the 3rd quarter valued at about $4,698,000. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MHO shares. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $155.00 to $185.00 in a research report on Monday, November 4th.

M/I Homes Stock Performance

Shares of NYSE MHO opened at $138.27 on Tuesday. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 7.41 and a beta of 2.29. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. 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 the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by insiders.

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.