Shares of M/I Homes Inc. (NYSE:MHO) traded up 7% during mid-day trading on Wednesday . The company traded as high as $23.01 and last traded at $22.18, with a volume of 369,730 shares. The stock had previously closed at $20.72.

The stock has a 50 day moving average price of $19.39 and a 200 day moving average price of $18.62. The firm has a market capitalization of $550.84 million and a PE ratio of 13.41.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.01. During the same quarter in the prior year, the company earned $0.43 EPS. The firm earned $401.20 million during the quarter, compared to analyst estimates of $405.65 million. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. On average, analysts predict that M/I Homes Inc. will post $2.35 earnings per share for the current fiscal year.

Other institutional investors have added to or reduced their stakes in the company. Nationwide Fund Advisors raised its position in M/I Homes by 0.3% in the fourth quarter. Nationwide Fund Advisors now owns 106,737 shares of the company’s stock valued at $2,340,000 after buying an additional 331 shares during the last quarter. Bank of Montreal Can raised its position in M/I Homes by 0.3% in the fourth quarter. Bank of Montreal Can now owns 652,895 shares of the company’s stock valued at $14,311,000 after buying an additional 2,021 shares during the last quarter. Finally, Donald Smith & CO. Inc. raised its position in M/I Homes by 111.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 921,576 shares of the company’s stock valued at $20,201,000 after buying an additional 486,646 shares during the last quarter.

M/I Homes, Inc is a builder of single-family homes. The Company operating segment includes homebuilding and financial services. The homebuilding operations segment include design, market, construct and sell single-family homes, attached town homes, and condominiums to first-time, move-up, empty-nester and luxury buyers.

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