ExodusPoint Capital Management LP Raises Stake in M/I Homes, Inc. (NYSE:MHO)

ExodusPoint Capital Management LP lifted its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 48.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,646 shares of the construction company's stock after purchasing an additional 4,453 shares during the quarter. ExodusPoint Capital Management LP's holdings in M/I Homes were worth $1,814,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MHO. FMR LLC grew its stake in M/I Homes by 41.4% in the 3rd quarter. FMR LLC now owns 96,809 shares of the construction company's stock worth $16,589,000 after buying an additional 28,355 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of M/I Homes by 19.1% during the third quarter. HighTower Advisors LLC now owns 2,597 shares of the construction company's stock valued at $447,000 after buying an additional 416 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of M/I Homes in the third quarter worth about $351,000. Weiss Asset Management LP purchased a new stake in M/I Homes during the 3rd quarter valued at about $405,000. Finally, Orion Portfolio Solutions LLC bought a new position in M/I Homes during the 3rd quarter worth approximately $201,000. Institutional investors own 95.14% of the company's stock.

M/I Homes Stock Up 0.3 %

M/I Homes stock traded up $0.37 during trading hours on Monday, hitting $106.89. 8,553 shares of the stock traded hands, compared to its average volume of 286,772. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18. The company has a market cap of $2.90 billion, a PE ratio of 5.42 and a beta of 1.99. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The firm's 50-day moving average price is $115.92 and its two-hundred day moving average price is $138.47.

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M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. On average, research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on MHO. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. StockNews.com raised M/I Homes from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Raymond James reiterated a "strong-buy" rating and issued a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th.

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.