XTX Topco Ltd Takes $1.85 Million Position in M/I Homes, Inc. (NYSE:MHO)

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 acquired a new position in M/I Homes, Inc. (NYSE:MHO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Xponance Inc. lifted 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 valued at $231,000 after purchasing an additional 97 shares during the period. Summit Investment Advisors Inc. lifted its position in 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 purchasing an additional 98 shares during the period. Fifth Third Bancorp lifted 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 valued at $43,000 after purchasing an additional 105 shares during the period. SummerHaven Investment Management LLC lifted its position in 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 purchasing an additional 114 shares during the period. Finally, Journey Strategic Wealth LLC lifted its position in 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 purchasing an additional 125 shares during the period. Institutional investors own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MHO shares. Raymond James Financial lowered their target price on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th.

M/I Homes Price Performance

Shares of MHO traded up $2.54 during mid-day trading on Friday, hitting $122.73. 474,084 shares of the company were exchanged, compared to its average volume of 328,196. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 7.21. The company has a 50 day moving average of $113.28 and a 200-day moving average of $115.04. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 6.74 and a beta of 1.60.

M/I Homes (NYSE:MHO - Get Free Report) last released 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 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 company's revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal 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.