J.W. Cole Advisors Inc. Makes New $542,000 Investment in M/I Homes, Inc. (NYSE:MHO)

J.W. Cole Advisors Inc. acquired a new position in M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,934 shares of the construction company’s stock, valued at approximately $542,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in M/I Homes in the 4th quarter worth about $29,000. Strs Ohio raised its position in shares of M/I Homes by 200.0% in the 3rd quarter. Strs Ohio now owns 300 shares of the construction company’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. Clearstead Advisors LLC raised its position in shares of M/I Homes by 1,979.2% in the 3rd quarter. Clearstead Advisors LLC now owns 499 shares of the construction company’s stock valued at $42,000 after buying an additional 475 shares in the last quarter. Xponance Inc. acquired a new position in shares of M/I Homes in the 4th quarter valued at approximately $226,000. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of M/I Homes in the 4th quarter valued at approximately $260,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity at M/I Homes

In related news, insider Ann Marie Hunker sold 2,461 shares of M/I Homes stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the sale, the insider now directly owns 2,342 shares of the company’s stock, valued at approximately $300,970.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is currently owned by insiders.

M/I Homes Trading Up 6.0 %

Shares of M/I Homes stock opened at $119.47 on Wednesday. The firm has a market capitalization of $3.32 billion, a PE ratio of 7.36 and a beta of 2.13. The company has a current ratio of 6.84, a quick ratio of 1.68 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $123.29 and its 200 day moving average is $115.73. M/I Homes, Inc. has a 1 year low of $63.39 and a 1 year high of $140.73.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($1.28). The company had revenue of $972.59 million for the quarter, compared to the consensus estimate of $1.19 billion. M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. Equities research analysts forecast that M/I Homes, Inc. will post 16.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Monday, February 19th.

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.