Caxton Associates LP Grows Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Caxton Associates LP lifted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 69.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,533 shares of the construction company’s stock after buying an additional 5,527 shares during the quarter. Caxton Associates LP’s holdings in M/I Homes were worth $1,844,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in M/I Homes by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,961,428 shares of the construction company’s stock worth $164,838,000 after purchasing an additional 43,417 shares in the last quarter. Raymond James & Associates lifted its stake in M/I Homes by 5.1% in the 4th quarter. Raymond James & Associates now owns 17,947 shares of the construction company’s stock worth $2,472,000 after purchasing an additional 863 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in M/I Homes in the 4th quarter worth $9,262,000. McGlone Suttner Wealth Management Inc. purchased a new stake in M/I Homes in the 4th quarter worth $29,000. Finally, Advisors Preferred LLC purchased a new stake in M/I Homes in the 4th quarter worth $1,986,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Performance

Shares of NYSE:MHO traded down $4.79 on Tuesday, hitting $161.88. 124,312 shares of the company were exchanged, compared to its average volume of 258,772. M/I Homes, Inc. has a 1-year low of $74.79 and a 1-year high of $170.51. The stock’s 50 day moving average price is $129.53 and its 200 day moving average price is $126.32. The company has a current ratio of 6.91, a quick ratio of 1.99 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $4.49 billion, a P/E ratio of 9.58 and a beta of 2.23.

Analyst Upgrades and Downgrades

MHO has been the topic of a number of research reports. StockNews.com upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Wedbush restated a “neutral” rating and issued a $130.00 target price (up from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th. Finally, Raymond James initiated coverage on shares of M/I Homes in a report on Wednesday, July 24th. They issued a “strong-buy” rating and a $200.00 target price on the stock.

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.