Schonfeld Strategic Advisors LLC Boosts Stake in M/I Homes, Inc. (NYSE:MHO)

Schonfeld Strategic Advisors LLC boosted its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 49.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,630 shares of the construction company's stock after purchasing an additional 8,120 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.09% of M/I Homes worth $3,275,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC boosted its holdings in shares of M/I Homes by 45.7% in the third quarter. Barclays PLC now owns 126,577 shares of the construction company's stock worth $21,690,000 after buying an additional 39,711 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of M/I Homes by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 267,684 shares of the construction company's stock valued at $45,870,000 after buying an additional 14,321 shares in the last quarter. Nordea Investment Management AB raised its stake in M/I Homes by 3.6% during the 4th quarter. Nordea Investment Management AB now owns 85,309 shares of the construction company's stock worth $11,379,000 after acquiring an additional 2,971 shares during the period. Range Financial Group LLC bought a new position in shares of M/I Homes in the fourth quarter worth approximately $834,000. Finally, West Oak Capital LLC lifted its stake in shares of 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 buying an additional 4,865 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Raymond James dropped their price objective on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research note on Tuesday, April 29th. StockNews.com cut shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Seaport Res Ptn upgraded shares of 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

NYSE:MHO traded down $2.63 during trading hours on Tuesday, reaching $107.90. The stock had a trading volume of 182,515 shares, compared to its average volume of 285,009. The stock has a market capitalization of $2.89 billion, a PE ratio of 5.47 and a beta of 1.75. The company has a 50 day moving average price of $112.20 and a two-hundred day moving average price of $131.64. 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, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18.

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