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

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Hennessy Advisors Inc. acquired a new stake in shares of M/I Homes in the fourth quarter worth $43,674,000. Royce & Associates LP grew its position in M/I Homes by 42.5% during the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company’s stock worth $36,544,000 after purchasing an additional 81,964 shares during the period. Raymond James Financial Inc. purchased a new position in shares of M/I Homes during the 4th quarter valued at about $10,672,000. Donald Smith & CO. Inc. lifted its holdings in shares of M/I Homes by 6.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company’s stock valued at $154,779,000 after buying an additional 65,771 shares during the period. Finally, Barclays PLC boosted its stake in shares of M/I Homes by 34.1% in the fourth quarter. Barclays PLC now owns 169,796 shares of the construction company’s stock worth $22,574,000 after buying an additional 43,219 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Up 1.7 %

Shares of MHO opened at $105.93 on Friday. The firm has a market cap of $2.87 billion, a P/E ratio of 5.37 and a beta of 1.99. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18. The stock’s 50 day moving average is $114.64 and its two-hundred day moving average is $136.46. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. Analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.