M/I Homes, Inc. (NYSE:MHO) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG raised its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,617 shares of the construction company's stock after buying an additional 7,832 shares during the quarter. Deutsche Bank AG owned approximately 0.17% of M/I Homes worth $6,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crestline Management LP purchased a new stake in M/I Homes in the fourth quarter valued at approximately $4,300,000. BOKF NA lifted its stake in M/I Homes by 5.5% in the fourth quarter. BOKF NA now owns 3,396 shares of the construction company's stock valued at $422,000 after buying an additional 176 shares during the last quarter. Algert Global LLC lifted its stake in M/I Homes by 37.7% in the fourth quarter. Algert Global LLC now owns 101,128 shares of the construction company's stock valued at $13,445,000 after buying an additional 27,697 shares during the last quarter. Triumph Capital Management lifted its stake in M/I Homes by 18.1% in the fourth quarter. Triumph Capital Management now owns 2,065 shares of the construction company's stock valued at $275,000 after buying an additional 317 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of M/I Homes by 49.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 24,630 shares of the construction company's stock worth $3,275,000 after purchasing an additional 8,120 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Stock Performance

Shares of M/I Homes stock traded up $0.28 during trading hours on Friday, hitting $106.58. 181,131 shares of the company were exchanged, compared to its average volume of 284,443. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $109.99 and a 200-day moving average of $127.44. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 5.41 and a beta of 1.75.

M/I Homes (NYSE:MHO - Get Free Report) last announced 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). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The business had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the company earned $4.78 EPS. The company's revenue was down 7.4% on a year-over-year basis. As a group, analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on MHO. Wall Street Zen cut M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. 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. Finally, Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

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.