Jump Financial LLC Invests $1.59 Million in M/I Homes, Inc. (NYSE:MHO)

Jump Financial LLC bought a new position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,939 shares of the construction company's stock, valued at approximately $1,587,000.

A number of other institutional investors have also modified their holdings of the business. Vontobel Holding Ltd. grew its position in M/I Homes by 107.2% during the 4th quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company's stock worth $734,000 after purchasing an additional 2,858 shares during the last quarter. West Oak Capital LLC raised its stake in M/I Homes by 4,865.0% during the 4th quarter. West Oak Capital LLC now owns 4,965 shares of the construction company's stock valued at $660,000 after acquiring an additional 4,865 shares during the last quarter. World Investment Advisors LLC acquired a new stake in M/I Homes during the 3rd quarter worth approximately $4,698,000. Range Financial Group LLC purchased a new position in shares of M/I Homes in the 4th quarter valued at approximately $834,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of M/I Homes by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 267,684 shares of the construction company's stock valued at $45,870,000 after purchasing an additional 14,321 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on MHO shares. StockNews.com upgraded shares of M/I Homes from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Raymond James restated a "strong-buy" rating and issued a $168.00 price target (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. Finally, Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th.

M/I Homes Price Performance

Shares of MHO stock traded down $1.81 during midday trading on Friday, reaching $105.41. 25,088 shares of the company traded hands, compared to its average volume of 298,024. The firm has a market cap of $2.86 billion, a PE ratio of 5.35 and a beta of 1.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The firm's 50 day simple moving average is $113.70 and its two-hundred day simple moving average is $135.04. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.16 by ($0.18). The firm had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. On average, equities research analysts expect that M/I Homes, Inc. will post 18.44 EPS 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.