Deutsche Bank AG Sells 2,292 Shares of M/I Homes, Inc. $MHO

Deutsche Bank AG trimmed its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,325 shares of the construction company's stock after selling 2,292 shares during the quarter. Deutsche Bank AG owned approximately 0.17% of M/I Homes worth $5,175,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Jefferies Financial Group Inc. purchased a new stake in shares of M/I Homes in the first quarter worth approximately $357,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of M/I Homes by 27.2% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,265 shares of the construction company's stock worth $259,000 after purchasing an additional 484 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of M/I Homes in the first quarter worth approximately $1,854,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of M/I Homes by 14.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,977 shares of the construction company's stock worth $682,000 after purchasing an additional 765 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in shares of M/I Homes in the first quarter worth approximately $236,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of M/I Homes to a "strong sell" rating in a research report on Tuesday, August 12th. Raymond James Financial cut their price objective 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. Wall Street Zen lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Zelman & Associates raised shares of M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, M/I Homes presently has an average rating of "Buy" and a consensus target price of $162.50.

M/I Homes Stock Performance

Shares of M/I Homes stock traded up $8.9850 during midday trading on Friday, hitting $147.7550. The company had a trading volume of 61,994 shares, compared to its average volume of 283,096. The business's 50 day simple moving average is $121.11 and its two-hundred day simple moving average is $115.39. The stock has a market cap of $3.96 billion, a PE ratio of 8.11 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing analysts' consensus estimates of $4.43 by ($0.01). M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. The company's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

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.