Bank of America Corp DE Has $9.07 Million Stock Position in M/I Homes, Inc. (NYSE:MHO)

Bank of America Corp DE lessened its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 28.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,183 shares of the construction company's stock after selling 27,235 shares during the period. Bank of America Corp DE owned approximately 0.25% of M/I Homes worth $9,065,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC increased its stake in M/I Homes by 45.7% during the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company's stock valued at $21,690,000 after buying an additional 39,711 shares during the period. Janney Montgomery Scott LLC increased its stake in M/I Homes by 35.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 3,636 shares of the construction company's stock valued at $483,000 after buying an additional 942 shares during the period. Inspire Investing LLC increased its stake in M/I Homes by 23.4% during the 4th quarter. Inspire Investing LLC now owns 2,992 shares of the construction company's stock valued at $398,000 after buying an additional 568 shares during the period. Exchange Traded Concepts LLC increased its stake in M/I Homes by 5.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,587 shares of the construction company's stock valued at $876,000 after buying an additional 344 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in M/I Homes by 13.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,781 shares of the construction company's stock valued at $237,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

M/I Homes Price Performance

Shares of NYSE:MHO traded up $0.12 during trading hours on Thursday, hitting $107.10. 206,092 shares of the company's stock traded hands, compared to its average volume of 285,090. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. 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 company's fifty day simple moving average is $109.16 and its two-hundred day simple moving average is $125.86. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 5.43 and a beta of 1.75.

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 business had revenue of $976.09 million for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the business posted $4.78 EPS. The business's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on MHO. Wall Street Zen cut shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Raymond James lowered their target price on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 29th.

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.