Virtu Financial LLC Invests $615,000 in M/I Homes, Inc. (NYSE:MHO)

Virtu Financial LLC acquired a new stake in shares of M/I Homes, Inc. (NYSE:MHO) during the 4th quarter, HoldingsChannel reports. The firm acquired 4,626 shares of the construction company’s stock, valued at approximately $615,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in M/I Homes in the fourth quarter valued at about $27,000. R Squared Ltd bought a new position in shares of M/I Homes in the fourth quarter worth $33,000. Steward Partners Investment Advisory LLC purchased a new position in shares of M/I Homes in the fourth quarter valued at $70,000. Jones Financial Companies Lllp bought a new stake in shares of M/I Homes during the 4th quarter valued at $80,000. Finally, Daiwa Securities Group Inc. purchased a new position in M/I Homes during the 3rd quarter valued at about $86,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MHO has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Raymond James restated a “strong-buy” rating and set a $168.00 price target (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th.

M/I Homes Trading Down 2.1 %

Shares of MHO opened at $117.95 on Wednesday. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The company has a market capitalization of $3.20 billion, a P/E ratio of 5.98 and a beta of 2.31. 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 $122.58 and its 200 day simple moving average is $143.89.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. Sell-side analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share 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.