Caxton Associates LLP Buys New Holdings in M/I Homes, Inc. $MHO

Key Points

• Caxton Associates LLP has invested approximately $348,000 in M/I Homes, purchasing 3,052 shares during the first quarter, as detailed in their latest 13F filing.
• M/I Homes reported an earnings per share (EPS) of $4.42, falling short of analysts' expectations, but achieved a 4.8% year-over-year increase in revenue to $1.16 billion.
• Equities analysts have given M/I Homes a consensus rating of "Buy" with a target price of $162.50, indicating positive sentiment on the company's stock.

Caxton Associates LLP acquired a new stake in M/I Homes, Inc. (NYSE:MHO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,052 shares of the construction company's stock, valued at approximately $348,000.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in M/I Homes by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 144,678 shares of the construction company's stock valued at $16,519,000 after purchasing an additional 3,698 shares in the last quarter. GAMMA Investing LLC increased its position in M/I Homes by 57.6% during the first quarter. GAMMA Investing LLC now owns 919 shares of the construction company's stock worth $105,000 after buying an additional 336 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in M/I Homes by 17.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,205 shares of the construction company's stock worth $594,000 after buying an additional 763 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in M/I Homes by 44.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,707 shares of the construction company's stock worth $880,000 after buying an additional 2,363 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in M/I Homes by 38.3% during the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock worth $43,000 after buying an additional 105 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MHO shares. Zelman & Associates raised M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Zacks Research raised M/I Homes to a "strong sell" rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $162.50.

M/I Homes Trading Up 0.3%

Shares of NYSE:MHO traded up $0.43 during midday trading on Thursday, reaching $152.37. The company's stock had a trading volume of 326,750 shares, compared to its average volume of 260,202. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 8.37 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The business has a 50 day moving average price of $136.66 and a 200 day moving average price of $119.87.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 EPS for the quarter, missing analysts' consensus estimates of $4.43 by ($0.01). The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.12 billion. M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

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.