Squarepoint Ops LLC Invests $1.06 Million in M/I Homes, Inc. (NYSE:MHO)

Squarepoint Ops LLC purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,974 shares of the construction company's stock, valued at approximately $1,060,000.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Raymond James reduced their price target on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Wall Street Zen lowered M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

M/I Homes Stock Up 2.4%

Shares of MHO stock traded up $2.55 during trading hours on Wednesday, hitting $108.90. 223,854 shares of the company were exchanged, compared to its average volume of 285,007. The company has a market capitalization of $2.92 billion, a PE ratio of 5.53 and a beta of 1.75. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. The business has a 50 day moving average of $108.37 and a two-hundred day moving average of $124.53. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). The firm had revenue of $976.09 million for the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. M/I Homes's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the company posted $4.78 EPS. Analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal 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.