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

Bank of America Corp DE lowered its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 28.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MHO. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Raymond James dropped their price target on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research note on Tuesday, April 29th. Finally, Wall Street Zen lowered M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

M/I Homes Trading Up 3.0%

NYSE MHO traded up $3.23 during trading hours on Tuesday, reaching $109.58. The company's stock had a trading volume of 159,297 shares, compared to its average volume of 284,450. The firm has a fifty day simple moving average of $109.77 and a 200-day simple moving average of $126.52. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. The stock has a market cap of $2.93 billion, a P/E ratio of 5.56 and a beta of 1.75.

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