Vontobel Holding Ltd. Reduces Holdings in M/I Homes, Inc. $MHO

Vontobel Holding Ltd. trimmed its position in shares of M/I Homes, Inc. (NYSE:MHO) by 16.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,602 shares of the construction company’s stock after selling 691 shares during the quarter. Vontobel Holding Ltd.’s holdings in M/I Homes were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Xponance Inc. boosted its stake in shares of M/I Homes by 5.0% during the first quarter. Xponance Inc. now owns 2,019 shares of the construction company’s stock valued at $231,000 after purchasing an additional 97 shares during the period. KLP Kapitalforvaltning AS boosted its stake in shares of M/I Homes by 1.3% during the second quarter. KLP Kapitalforvaltning AS now owns 7,800 shares of the construction company’s stock valued at $875,000 after purchasing an additional 100 shares during the period. Fifth Third Bancorp boosted its stake in shares of M/I Homes by 38.3% during the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock valued at $43,000 after purchasing an additional 105 shares during the period. Journey Strategic Wealth LLC boosted its stake in shares of M/I Homes by 4.8% during the first quarter. Journey Strategic Wealth LLC now owns 2,705 shares of the construction company’s stock valued at $309,000 after purchasing an additional 125 shares during the period. Finally, SummerHaven Investment Management LLC boosted its stake in shares of M/I Homes by 2.1% during the second quarter. SummerHaven Investment Management LLC now owns 6,576 shares of the construction company’s stock valued at $737,000 after purchasing an additional 133 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Stock Up 4.7%

Shares of MHO opened at $135.82 on Wednesday. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The company has a market capitalization of $3.64 billion, a PE ratio of 7.46 and a beta of 1.70. The stock has a fifty day simple moving average of $144.16 and a two-hundred day simple moving average of $122.85. 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 announced 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). M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.12 billion. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of M/I Homes in a report on Wednesday, October 8th. Zelman & Associates upgraded M/I Homes from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 12th. Finally, Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $162.50.

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.