Dark Forest Capital Management LP Makes New $636,000 Investment in M/I Homes, Inc. (NYSE:MHO)

Dark Forest Capital Management LP acquired a new position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,785 shares of the construction company's stock, valued at approximately $636,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Principal Securities Inc. acquired a new stake in M/I Homes in the 4th quarter worth about $27,000. R Squared Ltd acquired a new stake in shares of M/I Homes in the fourth quarter worth approximately $33,000. Aster Capital Management DIFC Ltd purchased a new stake in M/I Homes in the fourth quarter valued at approximately $50,000. Steward Partners Investment Advisory LLC acquired a new position in M/I Homes during the fourth quarter worth approximately $70,000. Finally, Jones Financial Companies Lllp purchased a new position in M/I Homes during the fourth quarter worth approximately $80,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

MHO has been the subject of a number of research analyst reports. StockNews.com downgraded M/I Homes from a "buy" rating to a "hold" rating in a report on Friday. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Raymond James restated a "strong-buy" rating and issued a $168.00 price objective (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

M/I Homes Price Performance

M/I Homes stock opened at $105.64 on Friday. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.86 billion, a P/E ratio of 5.36 and a beta of 1.99. The firm has a fifty day moving average of $113.46 and a 200-day moving average of $134.64. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.16 by ($0.18). The company had revenue of $976.09 million during the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. As a group, analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current year.

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.

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