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

Virtu Financial LLC purchased a new position in shares of M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,626 shares of the construction company’s stock, valued at approximately $615,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MHO. Geode Capital Management LLC increased its stake in M/I Homes by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company’s stock worth $124,050,000 after acquiring an additional 21,575 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of M/I Homes by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company’s stock valued at $79,182,000 after buying an additional 19,754 shares during the period. Hennessy Advisors Inc. bought a new stake in M/I Homes during the 4th quarter worth approximately $43,674,000. Basswood Capital Management L.L.C. increased its position in M/I Homes by 1.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company’s stock valued at $53,916,000 after acquiring an additional 5,571 shares during the period. Finally, Royce & Associates LP raised its stake in shares of M/I Homes by 42.5% during the fourth quarter. Royce & Associates LP now owns 274,871 shares of the construction company’s stock valued at $36,544,000 after acquiring an additional 81,964 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Performance

Shares of MHO stock opened at $117.95 on Wednesday. The firm has a 50 day moving average of $122.58 and a 200-day moving average of $143.89. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 5.98 and a beta of 2.31. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. On average, equities analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MHO shares. StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Raymond James reaffirmed a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Finally, Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

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.