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

Virtu Financial LLC bought a new stake in M/I Homes, Inc. (NYSE:MHO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,626 shares of the construction company's stock, valued at approximately $615,000.

Several other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP grew its position in shares of M/I Homes by 326.8% during the 4th quarter. Quantbot Technologies LP now owns 30,638 shares of the construction company's stock worth $4,073,000 after purchasing an additional 23,459 shares in the last quarter. Magnetar Financial LLC acquired a new stake in M/I Homes during the fourth quarter worth approximately $341,000. Teacher Retirement System of Texas grew its position in M/I Homes by 8.0% during the fourth quarter. Teacher Retirement System of Texas now owns 24,900 shares of the construction company's stock worth $3,310,000 after buying an additional 1,846 shares in the last quarter. Xponance Inc. increased its stake in M/I Homes by 10.7% during the 4th quarter. Xponance Inc. now owns 1,922 shares of the construction company's stock worth $256,000 after acquiring an additional 185 shares during the period. Finally, Axxcess Wealth Management LLC raised its holdings in M/I Homes by 5.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company's stock valued at $324,000 after acquiring an additional 131 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Price Performance

Shares of NYSE MHO traded down $2.99 during mid-day trading on Friday, hitting $113.70. 206,846 shares of the stock traded hands, compared to its average volume of 287,933. The firm has a 50 day simple moving average of $121.29 and a two-hundred day simple moving average of $143.15. M/I Homes, Inc. has a twelve month low of $109.92 and a twelve month high of $176.18. The company has a market cap of $3.08 billion, a PE ratio of 5.77 and a beta of 2.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

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M/I Homes (NYSE:MHO - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analysts Set New Price Targets

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

M/I Homes 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.