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

XTX Topco Ltd bought a new stake in M/I Homes, Inc. (NYSE:MHO) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 16,235 shares of the construction company’s stock, valued at approximately $1,854,000. XTX Topco Ltd owned about 0.06% of M/I Homes at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MHO. Fifth Third Bancorp raised its position in M/I Homes by 38.3% during the 1st 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 last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of M/I Homes during the 4th quarter worth approximately $50,000. GAMMA Investing LLC grew its holdings in shares of M/I Homes by 57.6% during the 1st quarter. GAMMA Investing LLC now owns 919 shares of the construction company’s stock worth $105,000 after acquiring an additional 336 shares during the period. National Bank of Canada FI grew its holdings in shares of M/I Homes by 72.4% during the 4th quarter. National Bank of Canada FI now owns 855 shares of the construction company’s stock worth $114,000 after acquiring an additional 359 shares during the period. Finally, CWM LLC grew its holdings in shares of M/I Homes by 75.2% during the 1st quarter. CWM LLC now owns 1,284 shares of the construction company’s stock worth $147,000 after acquiring an additional 551 shares during the period. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

MHO has been the topic of a number of research analyst reports. Wall Street Zen downgraded M/I Homes from a “buy” rating to a “hold” rating in a report on Friday, April 25th. Raymond James Financial reduced 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.

M/I Homes Stock Performance

M/I Homes stock opened at $120.78 on Thursday. The company has a quick ratio of 1.72, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $3.23 billion, a P/E ratio of 6.63 and a beta of 1.64. The stock’s 50 day moving average is $112.68 and its 200 day moving average is $115.31. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.43 by ($0.01). The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The firm’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share 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.