Stratos Wealth Partners LTD. Purchases 15,481 Shares of M/I Homes, Inc. (NYSE:MHO)

Stratos Wealth Partners LTD. boosted its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 143.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,284 shares of the construction company's stock after buying an additional 15,481 shares during the quarter. Stratos Wealth Partners LTD. owned approximately 0.09% of M/I Homes worth $3,620,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MHO. JPMorgan Chase & Co. boosted its stake in shares of M/I Homes by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 135,328 shares of the construction company's stock valued at $6,001,000 after purchasing an additional 12,383 shares in the last quarter. Raymond James & Associates boosted its stake in shares of M/I Homes by 9.0% during the first quarter. Raymond James & Associates now owns 41,642 shares of the construction company's stock valued at $1,847,000 after purchasing an additional 3,425 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of M/I Homes by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 351,226 shares of the construction company's stock valued at $15,578,000 after purchasing an additional 4,106 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of M/I Homes by 21.3% during the first quarter. American Century Companies Inc. now owns 42,122 shares of the construction company's stock valued at $1,868,000 after purchasing an additional 7,390 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of M/I Homes by 10.6% in the first quarter. US Bancorp DE now owns 3,332 shares of the construction company's stock worth $148,000 after acquiring an additional 318 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Trading Up 1.3 %

MHO stock traded up $1.58 during mid-day trading on Friday, reaching $125.78. The company's stock had a trading volume of 519,785 shares, compared to its average volume of 230,112. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 7.75 and a beta of 2.13. The business's 50 day moving average price is $125.53 and its 200 day moving average price is $112.79. The company has a current ratio of 6.84, a quick ratio of 1.68 and a debt-to-equity ratio of 0.34. M/I Homes, Inc. has a 12 month low of $58.93 and a 12 month high of $140.73.

M/I Homes (NYSE:MHO - Get Free Report) last issued its earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share for the quarter, missing analysts' consensus estimates of $4.94 by ($1.28). The business had revenue of $972.59 million during the quarter, compared to the consensus estimate of $1.19 billion. M/I Homes had a return on equity of 19.75% and a net margin of 11.54%. On average, equities research analysts predict that M/I Homes, Inc. will post 16.35 EPS for the current year.

Insiders Place Their Bets

In other news, insider Ann Marie Hunker sold 2,461 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the sale, the insider now owns 2,342 shares in the company, valued at $300,970.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MHO. StockNews.com raised M/I Homes from a "hold" rating to a "buy" rating in a research note on Monday, February 19th. Wedbush lowered M/I Homes from an "outperform" rating to a "neutral" rating and set a $116.00 price objective on the stock. in a research note on Monday, December 18th.

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.