Jefferies Financial Group Inc. Purchases Shares of 3,128 M/I Homes, Inc. (NYSE:MHO)

Key Points

• Jefferies Financial Group Inc. has acquired a new position in M/I Homes, Inc., purchasing 3,128 shares valued at approximately $357,000.
• Despite a recent quarterly earnings report where M/I Homes missed EPS estimates, the company's revenue increased by 4.8% compared to the previous year, totaling $1.16 billion.
• Analyst ratings for M/I Homes have fluctuated, with Raymond James lowering its target price from $168 to $140 while maintaining a "strong-buy" rating.

Jefferies Financial Group Inc. bought a new position in M/I Homes, Inc. (NYSE:MHO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,128 shares of the construction company's stock, valued at approximately $357,000.

Several other large investors also recently added to or reduced their stakes in MHO. Millennium Management LLC grew its position in M/I Homes by 85.5% in the fourth quarter. Millennium Management LLC now owns 238,826 shares of the construction company's stock worth $31,752,000 after acquiring an additional 110,086 shares in the last quarter. GAMMA Investing LLC grew its position in M/I Homes by 17,898.5% in the first quarter. GAMMA Investing LLC now owns 104,931 shares of the construction company's stock worth $11,981,000 after acquiring an additional 104,348 shares in the last quarter. Allianz Asset Management GmbH grew its position in M/I Homes by 77.5% in the first quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company's stock worth $26,155,000 after acquiring an additional 100,029 shares in the last quarter. Assenagon Asset Management S.A. grew its position in M/I Homes by 81.7% in the first quarter. Assenagon Asset Management S.A. now owns 196,921 shares of the construction company's stock worth $22,484,000 after acquiring an additional 88,545 shares in the last quarter. Finally, Cerity Partners LLC grew its position in M/I Homes by 431.3% in the first quarter. Cerity Partners LLC now owns 91,324 shares of the construction company's stock worth $10,427,000 after acquiring an additional 74,136 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Stock Performance

Shares of NYSE MHO traded up $4.28 during trading hours on Tuesday, hitting $133.84. 70,572 shares of the stock were exchanged, compared to its average volume of 281,558. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78. The company's 50 day moving average is $115.95 and its 200 day moving average is $114.55. The firm has a market capitalization of $3.58 billion, a P/E ratio of 7.35 and a beta of 1.60. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.43 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. On average, research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on MHO shares. Zelman & Associates raised shares of M/I Homes to an "outperform" rating in a research report on Tuesday. Raymond James Financial decreased their price objective on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 29th. Finally, Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $162.50.

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.