Jump Financial LLC Acquires New Shares in M/I Homes, Inc. (NYSE:MHO)

Jump Financial LLC bought a new stake in M/I Homes, Inc. (NYSE:MHO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,939 shares of the construction company's stock, valued at approximately $1,587,000.

Other large investors also recently modified their holdings of the company. Principal Securities Inc. acquired a new position in M/I Homes in the 4th quarter valued at approximately $27,000. R Squared Ltd purchased a new stake in M/I Homes in the 4th quarter valued at $33,000. Aster Capital Management DIFC Ltd purchased a new position in M/I Homes during the fourth quarter worth about $50,000. Steward Partners Investment Advisory LLC bought a new position in shares of M/I Homes during the 4th quarter worth approximately $70,000. Finally, Jones Financial Companies Lllp purchased a new stake in shares of M/I Homes during the fourth quarter valued at approximately $80,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

M/I Homes Stock Up 1.8 %

M/I Homes stock traded up $1.86 on Thursday, hitting $107.25. 226,007 shares of the stock traded hands, compared to its average volume of 287,851. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. 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 has a market cap of $2.91 billion, a P/E ratio of 5.44 and a beta of 1.99. The business's fifty day simple moving average is $113.93 and its 200 day simple moving average is $135.42.

M/I Homes (NYSE:MHO - Get Free Report) last issued its 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). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The company had revenue of $976.09 million during the quarter, compared to analysts' expectations of $1.12 billion. As a group, sell-side analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

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.