Trexquant Investment LP Purchases Shares of 14,316 M/I Homes, Inc. $MHO

Trexquant Investment LP purchased a new stake in M/I Homes, Inc. (NYSE:MHO) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 14,316 shares of the construction company’s stock, valued at approximately $1,635,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Truvestments Capital LLC grew its position in shares of M/I Homes by 19.4% in the 1st quarter. Truvestments Capital LLC now owns 9,499 shares of the construction company’s stock valued at $1,085,000 after buying an additional 1,545 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of M/I Homes in the 1st quarter valued at about $621,000. Aristides Capital LLC bought a new stake in shares of M/I Homes in the 1st quarter valued at about $269,000. Rafferty Asset Management LLC grew its position in shares of M/I Homes by 5.3% in the 1st quarter. Rafferty Asset Management LLC now owns 19,363 shares of the construction company’s stock valued at $2,211,000 after buying an additional 967 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of M/I Homes in the 1st quarter valued at about $1,447,000. Institutional investors own 95.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on MHO shares. Zacks Research upgraded M/I Homes to a “strong sell” rating in a research report on Tuesday, August 12th. Zelman & Associates upgraded M/I Homes from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $162.50.

M/I Homes Stock Up 2.0%

Shares of M/I Homes stock opened at $156.97 on Friday. The stock’s 50-day moving average is $129.91 and its 200 day moving average is $117.64. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 8.62 and a beta of 1.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results 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 firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current 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.