Comerica Bank Reduces Stock Position in M/I Homes, Inc. (NYSE:MHO)

Comerica Bank trimmed its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 48.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 107,730 shares of the construction company's stock after selling 102,563 shares during the quarter. Comerica Bank owned approximately 0.39% of M/I Homes worth $14,323,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MHO. Principal Securities Inc. acquired a new position in M/I Homes in the fourth quarter valued at about $27,000. R Squared Ltd acquired a new stake in shares of M/I Homes during the 4th quarter worth approximately $33,000. Aster Capital Management DIFC Ltd acquired a new position in M/I Homes during the fourth quarter valued at approximately $50,000. Steward Partners Investment Advisory LLC bought a new stake in shares of M/I Homes during the 4th quarter worth $70,000. Finally, Jones Financial Companies Lllp bought a new position in M/I Homes in the 4th quarter valued at approximately $80,000. Institutional investors own 95.14% of the company's stock.

M/I Homes Stock Performance

MHO traded up $1.72 during midday trading on Wednesday, reaching $109.37. The company had a trading volume of 33,520 shares, compared to its average volume of 291,131. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The stock has a market cap of $2.93 billion, a PE ratio of 5.55 and a beta of 1.75. The business has a 50-day moving average price of $112.02 and a two-hundred day moving average price of $131.47. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.16 by ($0.18). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The company had revenue of $976.09 million for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the business posted $4.78 EPS. The business's quarterly revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MHO shares. Raymond James dropped their price target on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, StockNews.com lowered M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

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.