M/I Homes, Inc. (NYSE:MHO) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 55.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,020 shares of the construction company's stock after selling 11,410 shares during the quarter. BNP Paribas Financial Markets' holdings in M/I Homes were worth $1,199,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Arkadios Wealth Advisors raised its holdings in M/I Homes by 4.2% in the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock worth $296,000 after purchasing an additional 90 shares during the period. Summit Investment Advisors Inc. raised its holdings in M/I Homes by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company's stock worth $371,000 after purchasing an additional 98 shares during the period. Bay Rivers Group raised its holdings in M/I Homes by 2.7% in the 4th quarter. Bay Rivers Group now owns 4,911 shares of the construction company's stock worth $653,000 after purchasing an additional 128 shares during the period. Axxcess Wealth Management LLC raised its holdings in M/I Homes by 5.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company's stock worth $324,000 after purchasing an additional 131 shares during the period. Finally, Nvest Financial LLC raised its holdings in M/I Homes by 7.8% in the 4th quarter. Nvest Financial LLC now owns 1,822 shares of the construction company's stock worth $242,000 after purchasing an additional 132 shares during the period. 95.14% of the stock is owned by institutional investors.

M/I Homes Price Performance

Shares of M/I Homes stock traded up $0.28 during trading on Friday, reaching $106.58. 181,131 shares of the stock traded hands, compared to its average volume of 284,953. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 5.41 and a beta of 1.75. The business has a fifty day simple moving average of $109.99 and a two-hundred day simple moving average of $126.94. 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.

M/I Homes (NYSE:MHO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). The firm had revenue of $976.09 million for the quarter, compared to analysts' expectations 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 for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.78 EPS. Sell-side analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MHO shares. Raymond James cut 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. Wall Street Zen lowered M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th.

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.