BNP Paribas Financial Markets Sells 11,410 Shares of M/I Homes, Inc. (NYSE:MHO)

BNP Paribas Financial Markets trimmed its stake in M/I Homes, Inc. (NYSE:MHO) by 55.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,020 shares of the construction company’s stock after selling 11,410 shares during the period. BNP Paribas Financial Markets’ holdings in M/I Homes were worth $1,199,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Arkadios Wealth Advisors boosted its stake in M/I Homes by 4.2% in the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock worth $296,000 after buying an additional 90 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in M/I Homes by 3.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company’s stock worth $371,000 after buying an additional 98 shares in the last quarter. Bay Rivers Group boosted its stake in M/I Homes by 2.7% in the fourth quarter. Bay Rivers Group now owns 4,911 shares of the construction company’s stock worth $653,000 after buying an additional 128 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in M/I Homes by 5.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company’s stock worth $324,000 after buying an additional 131 shares in the last quarter. Finally, Nvest Financial LLC boosted its stake in M/I Homes by 7.8% in the fourth quarter. Nvest Financial LLC now owns 1,822 shares of the construction company’s stock worth $242,000 after buying an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on MHO shares. Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. StockNews.com lowered M/I Homes from a “buy” rating to a “hold” rating in a research note on Friday, April 25th. Finally, Raymond James dropped their price objective 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.

M/I Homes Stock Performance

NYSE:MHO opened at $110.68 on Tuesday. The firm has a market cap of $2.96 billion, a PE ratio of 5.62 and a beta of 1.75. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The business has a 50 day moving average price of $110.69 and a 200-day moving average price of $128.43.

M/I Homes (NYSE:MHO) last released 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 company 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 business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the company posted $4.78 EPS. Equities research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current 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.