16,235 Shares in M/I Homes, Inc. (NYSE:MHO) Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired a stake in M/I Homes, purchasing 16,235 shares valued at approximately $1.85 million, representing about 0.06% ownership of the company.
• Several institutional investors, including Fifth Third Bancorp and National Bank of Canada FI, have significantly increased their positions in M/I Homes, reflecting growing confidence in the company.
• Analysts have recently downgraded M/I Homes from a "buy" to a "hold" rating, with Raymond James lowering its target price from $168 to $140, indicating a cautious outlook on the stock.

XTX Topco Ltd purchased a new position in M/I Homes, Inc. (NYSE:MHO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,235 shares of the construction company's stock, valued at approximately $1,854,000. XTX Topco Ltd owned approximately 0.06% of M/I Homes at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Xponance Inc. increased its position in 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 last quarter. Summit Investment Advisors Inc. increased its position in shares of M/I Homes by 3.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company's stock valued at $371,000 after acquiring an additional 98 shares during the last quarter. Fifth Third Bancorp increased its position 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 valued at $43,000 after acquiring an additional 105 shares during the last quarter. SummerHaven Investment Management LLC increased its position 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 valued at $736,000 after acquiring an additional 114 shares during the last quarter. Finally, Journey Strategic Wealth LLC increased its position 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 valued at $309,000 after acquiring an additional 125 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Stock Up 2.1%

Shares of NYSE:MHO traded up $2.54 during trading on Friday, hitting $122.73. 474,084 shares of the company were exchanged, compared to its average volume of 284,156. The stock has a market capitalization of $3.29 billion, a P/E ratio of 6.74 and a beta of 1.64. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.72. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18. The firm's 50 day moving average price is $112.95 and its 200-day moving average price is $115.26.

M/I Homes (NYSE:MHO - Get Free Report) last announced its earnings results 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 analyst estimates 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 revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MHO has been the subject of a number of recent analyst reports. Raymond James Financial dropped their price target on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 29th. Wall Street Zen cut shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

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.