Wealth Enhancement Advisory Services LLC Buys New Position in M/I Homes, Inc. (NYSE:MHO)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of M/I Homes, Inc. (NYSE:MHO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,489 shares of the construction company’s stock, valued at approximately $769,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arkadios Wealth Advisors raised its stake in shares of M/I Homes by 4.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,136 shares of the construction company’s stock worth $366,000 after buying an additional 99 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in M/I Homes by 260.3% during the third quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company’s stock worth $34,251,000 after acquiring an additional 144,406 shares during the period. Private Advisor Group LLC raised its position in M/I Homes by 5.2% in the third quarter. Private Advisor Group LLC now owns 3,113 shares of the construction company’s stock worth $533,000 after acquiring an additional 155 shares in the last quarter. Signaturefd LLC lifted its holdings in M/I Homes by 49.4% in the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock valued at $61,000 after acquiring an additional 117 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in M/I Homes by 112.6% in the 3rd quarter. Raymond James & Associates now owns 44,132 shares of the construction company’s stock valued at $7,562,000 after acquiring an additional 23,372 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Trading Up 0.3 %

NYSE:MHO opened at $160.77 on Thursday. The stock has a market cap of $4.46 billion, a PE ratio of 8.62 and a beta of 2.24. M/I Homes, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.53. The stock’s 50-day moving average is $162.52 and its two-hundred day moving average is $143.53.

Analyst Upgrades and Downgrades

MHO has been the topic of several recent research reports. Raymond James lifted their price target on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $155.00 to $185.00 in a research report on Monday. Finally, StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

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.