Caxton Associates LLP Buys Shares of 3,052 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 position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,052 shares of the construction company's stock, valued at approximately $348,000.

Several other hedge funds also recently made changes to their positions in the business. Xponance Inc. increased its holdings in shares of M/I Homes by 5.0% during the first quarter. Xponance Inc. now owns 2,019 shares of the construction company's stock worth $231,000 after purchasing an additional 97 shares during the period. Fifth Third Bancorp increased its holdings in shares of 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 purchasing an additional 105 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of M/I Homes by 1.8% during the first quarter. SummerHaven Investment Management LLC now owns 6,443 shares of the construction company's stock worth $736,000 after purchasing an additional 114 shares during the period. Journey Strategic Wealth LLC increased its holdings in shares of M/I Homes by 4.8% during the first quarter. Journey Strategic Wealth LLC now owns 2,705 shares of the construction company's stock worth $309,000 after purchasing an additional 125 shares during the period. Finally, CW Advisors LLC increased its holdings in shares of M/I Homes by 1.1% during the first quarter. CW Advisors LLC now owns 16,121 shares of the construction company's stock worth $1,841,000 after purchasing an additional 171 shares during the period. 95.14% of the stock is owned by institutional investors.

M/I Homes Price Performance

NYSE:MHO traded down $1.96 during mid-day trading on Tuesday, reaching $150.42. The stock had a trading volume of 415,080 shares, compared to its average volume of 283,099. The stock has a 50-day simple moving average of $134.63 and a two-hundred day simple moving average of $119.16. The stock has a market capitalization of $4.03 billion, a PE ratio of 8.26 and a beta of 1.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18.

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

Analyst Upgrades and Downgrades

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

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.