Colonial River Investments LLC Takes $397,000 Position in M/I Homes, Inc. (NYSE:MHO)

Colonial River Investments LLC bought a new position in shares of M/I Homes, Inc. (NYSE:MHO) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,315 shares of the construction company’s stock, valued at approximately $397,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MHO. Signaturefd LLC boosted its stake 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 lifted its holdings in shares of M/I Homes by 1.7% during the second quarter. Bay Rivers Group now owns 4,458 shares of the construction company’s stock valued at $544,000 after acquiring an additional 75 shares during the period. Xponance Inc. boosted its stake in shares of 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 purchasing an additional 80 shares in the last quarter. Truist Financial Corp boosted its stake in shares of 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 purchasing an additional 87 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings 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 purchasing an additional 99 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MHO. Raymond James lifted their price target on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $155.00 to $185.00 in a research note on Monday, November 4th. Finally, StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

Insiders Place Their Bets

In other news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $2,967,200. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.70% of the company’s stock.

M/I Homes Stock Performance

M/I Homes stock opened at $167.03 on Friday. The stock has a 50-day simple moving average of $162.79 and a 200 day simple moving average of $144.23. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 8.95 and a beta of 2.24. The company has a quick ratio of 1.53, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 12-month low of $93.32 and a 12-month high of $176.18.

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.