Jump Financial LLC Purchases 18,329 Shares of M/I Homes, Inc. $MHO

Key Points

• Jump Financial LLC increased its stake in M/I Homes, Inc. by 153.5% in the 1st quarter, holding approximately 30,268 shares worth $3.46 million at the end of the reporting period.
• Institutional investors currently own 95.14% of M/I Homes, with several firms increasing their stakes, including Fifth Third Bancorp and Covestor Ltd.
• M/I Homes reported a 4.42 EPS for the last quarter, slightly missing consensus estimates yet achieving year-over-year revenue growth of 4.8%.

Jump Financial LLC grew its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 153.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 30,268 shares of the construction company's stock after acquiring an additional 18,329 shares during the quarter. Jump Financial LLC owned about 0.11% of M/I Homes worth $3,456,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Xponance Inc. lifted its position in shares of M/I Homes by 5.0% during the 1st quarter. Xponance Inc. now owns 2,019 shares of the construction company's stock valued at $231,000 after acquiring an additional 97 shares during the period. Fifth Third Bancorp lifted its position in shares of M/I Homes by 38.3% during the 1st quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock valued at $43,000 after acquiring an additional 105 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of M/I Homes by 1.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 6,443 shares of the construction company's stock valued at $736,000 after acquiring an additional 114 shares during the period. Journey Strategic Wealth LLC lifted its position in shares of M/I Homes by 4.8% during the 1st quarter. Journey Strategic Wealth LLC now owns 2,705 shares of the construction company's stock valued at $309,000 after acquiring an additional 125 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of M/I Homes by 7.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,124 shares of the construction company's stock valued at $282,000 after acquiring an additional 155 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Zelman & Associates upgraded M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Zacks Research upgraded M/I Homes to a "strong sell" rating in a research report on Tuesday, August 12th. Two 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 company. According to data from MarketBeat, M/I Homes has a consensus rating of "Buy" and an average price target of $162.50.

M/I Homes Price Performance

MHO traded up $1.04 on Friday, reaching $147.45. The stock had a trading volume of 248,865 shares, compared to its average volume of 288,042. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The firm has a 50-day moving average of $125.99 and a 200-day moving average of $116.52. The company has a current ratio of 7.21, a quick ratio of 1.78 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 8.10 and a beta of 1.60.

M/I Homes (NYSE:MHO - Get Free Report) last issued its earnings results 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 return on equity of 17.23% and a net margin of 11.40%.The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.12 billion. The firm's revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that M/I Homes, Inc. will post 18.44 EPS 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.