M/I Homes Inc. (MHO) Sees Large Volume Increase
M/I Homes Inc. (NYSE:MHO) saw an uptick in trading volume on Thursday . 281,346 shares traded hands during trading, an increase of 74% from the previous session’s volume of 161,414 shares.The stock last traded at $22.98 and had previously closed at $22.25.
The stock has a market cap of $556.29 million and a price-to-earnings ratio of 12.91. The stock has a 50 day moving average of $19.48 and a 200 day moving average of $18.64.
M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, July 27th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by $0.01. The company earned $401.20 million during the quarter, compared to analysts’ expectations of $405.65 million. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. Equities analysts predict that M/I Homes Inc. will post $2.35 earnings per share for the current fiscal year.
A number of hedge funds recently bought and sold shares of MHO. Nationwide Fund Advisors raised its stake 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 period. Bank of Montreal Can raised its stake 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 period. Finally, Donald Smith & CO. Inc. raised its stake 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 period.
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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