Bank of New York Mellon Corp Has $29.65 Million Stock Position in M/I Homes, Inc. (NYSE:MHO)

Bank of New York Mellon Corp reduced its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 223,034 shares of the construction company's stock after selling 10,267 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.80% of M/I Homes worth $29,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of M/I Homes in the 4th quarter valued at $27,000. R Squared Ltd bought a new position in M/I Homes during the fourth quarter worth about $33,000. Daiwa Securities Group Inc. acquired a new stake in M/I Homes during the third quarter valued at approximately $86,000. Private Trust Co. NA acquired a new stake in M/I Homes during the third quarter valued at approximately $88,000. Finally, KBC Group NV grew its stake in shares of M/I Homes by 60.2% in the 4th quarter. KBC Group NV now owns 1,267 shares of the construction company's stock valued at $168,000 after purchasing an additional 476 shares during the period. 95.14% of the stock is owned by institutional investors.

M/I Homes Price Performance

MHO traded down $1.39 during trading on Wednesday, hitting $117.60. The company's stock had a trading volume of 165,993 shares, compared to its average volume of 274,622. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 5.98 and a beta of 2.31. The firm's 50 day moving average price is $125.00 and its two-hundred day moving average price is $146.82. M/I Homes, Inc. has a 12 month low of $109.92 and a 12 month high of $176.18.

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M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. Sell-side analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities 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 upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

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.