M/I Homes, Inc. (NYSE:MHO) Shares Sold by Caxton Associates LP

Caxton Associates LP decreased its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 59.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,244 shares of the construction company's stock after selling 7,605 shares during the quarter. Caxton Associates LP's holdings in M/I Homes were worth $697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MHO. Hennessy Advisors Inc. purchased a new position in M/I Homes in the fourth quarter valued at $43,674,000. Royce & Associates LP increased its holdings in M/I Homes by 42.5% in the fourth quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock valued at $36,544,000 after buying an additional 81,964 shares during the last quarter. Raymond James Financial Inc. purchased a new position in M/I Homes in the fourth quarter valued at $10,672,000. Donald Smith & CO. Inc. increased its holdings in M/I Homes by 6.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock valued at $154,779,000 after buying an additional 65,771 shares during the last quarter. Finally, Barclays PLC increased its holdings in M/I Homes by 34.1% in the fourth quarter. Barclays PLC now owns 169,796 shares of the construction company's stock valued at $22,574,000 after buying an additional 43,219 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on MHO. StockNews.com lowered M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Raymond James dropped their target price on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 29th. Finally, Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

M/I Homes Stock Performance

Shares of MHO stock traded up $3.60 during mid-day trading on Monday, hitting $112.85. 61,171 shares of the stock were exchanged, compared to its average volume of 284,715. The stock's fifty day simple moving average is $111.64 and its two-hundred day simple moving average is $130.20. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 5.73 and a beta of 1.75. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65.

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 analysts' expectations of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $4.78 EPS. On average, analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

About M/I Homes

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.