Farringdon Capital Ltd. Acquires Shares of 3,112 M/I Homes, Inc. (NYSE:MHO)

Farringdon Capital Ltd. purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,112 shares of the construction company's stock, valued at approximately $414,000.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MHO. StockNews.com raised shares of M/I Homes from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Seaport Res Ptn upgraded 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 set a $168.00 price target (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

M/I Homes Price Performance

MHO stock traded down $1.17 during midday trading on Wednesday, hitting $108.16. 97,275 shares of the stock were exchanged, compared to its average volume of 286,873. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 5.49 and a beta of 1.99. The stock's 50-day moving average price is $114.20 and its 200-day moving average price is $135.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65.

M/I Homes (NYSE:MHO - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.16 by ($0.18). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. Research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

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.