M/I Homes, Inc. (NYSE:MHO) Stock Holdings Lifted by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 49.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,630 shares of the construction company's stock after acquiring an additional 8,120 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.09% of M/I Homes worth $3,275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MHO. Principal Securities Inc. bought a new stake in M/I Homes during the fourth quarter valued at $27,000. R Squared Ltd bought a new stake in shares of M/I Homes during the 4th quarter valued at about $33,000. Aster Capital Management DIFC Ltd acquired a new stake in M/I Homes during the fourth quarter worth about $50,000. Steward Partners Investment Advisory LLC bought a new position in M/I Homes in the fourth quarter worth about $70,000. Finally, Jones Financial Companies Lllp acquired a new position in M/I Homes in the fourth quarter valued at approximately $80,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on MHO shares. StockNews.com downgraded M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Raymond James reduced their target price on shares of 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. 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 M/I Homes stock traded down $1.73 on Friday, hitting $109.05. The company had a trading volume of 71,579 shares, compared to its average volume of 283,993. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. The company has a market cap of $2.92 billion, a PE ratio of 5.53 and a beta of 1.75. The business has a 50-day simple moving average of $111.78 and a 200-day simple moving average of $130.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). The firm had revenue of $976.09 million during the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.78 EPS. 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.