Wells Fargo & Company MN Sells 20,881 Shares of M/I Homes, Inc. (NYSE:MHO)

Wells Fargo & Company MN lessened its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 53.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,216 shares of the construction company's stock after selling 20,881 shares during the quarter. Wells Fargo & Company MN owned approximately 0.07% of M/I Homes worth $2,422,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in shares of M/I Homes in the 4th quarter valued at approximately $27,000. R Squared Ltd bought a new stake in M/I Homes in the fourth quarter worth approximately $33,000. Steward Partners Investment Advisory LLC acquired a new position in shares of M/I Homes during the 4th quarter worth $70,000. Jones Financial Companies Lllp bought a new position in shares of M/I Homes during the 4th quarter valued at $80,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of M/I Homes by 283.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company's stock valued at $88,000 after purchasing an additional 493 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MHO shares. Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. 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. Finally, StockNews.com lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

M/I Homes Stock Performance

Shares of M/I Homes stock traded up $1.62 during midday trading on Wednesday, hitting $106.85. The company had a trading volume of 280,798 shares, compared to its average volume of 285,583. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The business's 50 day simple moving average is $112.75 and its two-hundred day simple moving average is $133.47. The stock has a market cap of $2.90 billion, a PE ratio of 5.42 and a beta of 1.99. 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 (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing analysts' consensus estimates 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 company 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 posted $4.78 EPS. The firm's quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities analysts predict that M/I Homes, Inc. will post 18.44 EPS 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.