Jump Financial LLC Invests $1.59 Million in M/I Homes, Inc. (NYSE:MHO)

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

A number of other hedge funds have also recently made changes to their positions in MHO. 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 worth $154,779,000 after buying an additional 65,771 shares during the period. American Century Companies Inc. grew its holdings in M/I Homes by 2.4% during the 4th quarter. American Century Companies Inc. now owns 850,417 shares of the construction company’s stock worth $113,063,000 after acquiring an additional 20,055 shares in the last quarter. Franklin Resources Inc. increased its position in M/I Homes by 2.3% during the 4th quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company’s stock valued at $91,402,000 after purchasing an additional 15,685 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of M/I Homes in the 4th quarter valued at about $43,674,000. Finally, Royce & Associates LP raised its holdings in shares of M/I Homes by 42.5% in the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company’s stock valued at $36,544,000 after purchasing an additional 81,964 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Stock Up 1.7 %

M/I Homes stock opened at $105.93 on Friday. The business has a fifty day moving average price of $114.64 and a 200-day moving average price of $136.46. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 5.37 and a beta of 1.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

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

Analyst Ratings Changes

MHO has been the topic of several research reports. StockNews.com raised shares of 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 research report on Thursday, March 6th. Finally, Raymond James restated a “strong-buy” rating and set a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

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.