Skandinaviska Enskilda Banken AB publ Sells 6,652 Shares of M/I Homes, Inc. (NYSE:MHO)

Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 44.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,248 shares of the construction company’s stock after selling 6,652 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in M/I Homes were worth $1,092,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. bought a new position in shares of M/I Homes during the fourth quarter worth approximately $27,000. R Squared Ltd bought a new position in M/I Homes during the 4th quarter worth $33,000. Steward Partners Investment Advisory LLC acquired a new position in M/I Homes in the 4th quarter valued at $70,000. Jones Financial Companies Lllp bought a new stake in shares of M/I Homes during the 4th quarter valued at $80,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of M/I Homes during the 3rd quarter valued at $86,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MHO shares. StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Seaport Res Ptn raised shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

M/I Homes Price Performance

M/I Homes stock opened at $115.82 on Tuesday. The stock has a fifty day moving average of $123.79 and a 200-day moving average of $145.56. The stock has a market capitalization of $3.14 billion, a P/E ratio of 5.88 and a beta of 2.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. On average, sell-side analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal 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.