Comerica Bank Lowers Holdings in M/I Homes, Inc. $MHO

Comerica Bank lowered its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 91.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,478 shares of the construction company’s stock after selling 98,252 shares during the quarter. Comerica Bank’s holdings in M/I Homes were worth $1,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MHO. Northern Trust Corp raised its position in shares of M/I Homes by 8.4% during the 4th quarter. Northern Trust Corp now owns 347,000 shares of the construction company’s stock valued at $46,134,000 after buying an additional 26,820 shares in the last quarter. BOKF NA raised its position in shares of M/I Homes by 5.5% during the 4th quarter. BOKF NA now owns 3,396 shares of the construction company’s stock valued at $422,000 after buying an additional 176 shares in the last quarter. Deutsche Bank AG raised its position in shares of M/I Homes by 19.7% during the 4th quarter. Deutsche Bank AG now owns 47,617 shares of the construction company’s stock valued at $6,331,000 after buying an additional 7,832 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of M/I Homes during the 4th quarter valued at $548,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of M/I Homes by 4.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,165 shares of the construction company’s stock valued at $2,016,000 after buying an additional 608 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MHO. Zelman & Associates upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 12th. Zacks Research upgraded shares of M/I Homes to a “strong sell” rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $162.50.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $156.97 on Friday. The stock has a market cap of $4.20 billion, a PE ratio of 8.62 and a beta of 1.66. The company’s fifty day moving average is $129.91 and its 200 day moving average is $117.64. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, July 23rd. The construction company reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $4.43 by ($0.01). The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The company’s revenue was up 4.8% on a year-over-year basis. Research analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

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.