Skandinaviska Enskilda Banken AB publ Has $1.09 Million Holdings in M/I Homes, Inc. (NYSE:MHO)

Skandinaviska Enskilda Banken AB publ trimmed its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 44.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,248 shares of the construction company's stock after selling 6,652 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in M/I Homes were worth $1,092,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MHO. Principal Securities Inc. acquired a new stake in shares of M/I Homes during the 4th quarter worth approximately $27,000. R Squared Ltd acquired a new stake in shares of M/I Homes in the 4th quarter valued at $33,000. Daiwa Securities Group Inc. acquired a new stake in shares of M/I Homes in the 3rd quarter valued at $86,000. Private Trust Co. NA bought a new position in shares of M/I Homes in the 3rd quarter valued at $88,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of M/I Homes during the 4th quarter worth $70,000. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MHO has been the topic of several research analyst reports. Raymond James reaffirmed a "strong-buy" rating and issued a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. 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, StockNews.com upgraded shares of M/I Homes from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

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M/I Homes Trading Down 1.6 %

Shares of MHO stock traded down $1.84 during mid-day trading on Friday, reaching $115.89. 697,018 shares of the stock traded hands, compared to its average volume of 274,733. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 5.88 and a beta of 2.31. 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's fifty day simple moving average is $123.17 and its two-hundred day simple moving average is $144.87. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

M/I Homes Company 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.