Arkadios Wealth Advisors Purchases 90 Shares of M/I Homes, Inc. (NYSE:MHO)

Arkadios Wealth Advisors boosted its position in M/I Homes, Inc. (NYSE:MHO) by 4.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,226 shares of the construction company’s stock after buying an additional 90 shares during the period. Arkadios Wealth Advisors’ holdings in M/I Homes were worth $296,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MHO. V Square Quantitative Management LLC bought a new position in shares of M/I Homes in the 3rd quarter worth $27,000. Signaturefd LLC raised its holdings in M/I Homes by 49.4% during the third quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after buying an additional 117 shares during the last quarter. Quarry LP lifted its stake in shares of M/I Homes by 148.0% in the second quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after buying an additional 333 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of M/I Homes in the third quarter valued at $86,000. Finally, Private Trust Co. NA acquired a new position in shares of M/I Homes during the third quarter valued at about $88,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Price Performance

MHO opened at $136.31 on Friday. The firm’s fifty day moving average price is $145.95 and its two-hundred day moving average price is $153.07. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 7.30 and a beta of 2.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. M/I Homes, Inc. has a 1 year low of $109.92 and a 1 year high of $176.18.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.16. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. M/I Homes had a net margin of 12.54% and a return on equity of 19.94%. During the same period in the previous year, the company earned $4.82 earnings per share. As a group, analysts anticipate that M/I Homes, Inc. will post 19.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $155.00 to $185.00 in a research note on Monday, November 4th.

Insider Activity

In related news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 18,545 shares in the company, valued at approximately $2,967,200. This represents a 51.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is currently owned by corporate insiders.

M/I Homes Company 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.