M/I Homes Inc. (MHO) Sees Large Volume Increase
M/I Homes Inc. (NYSE:MHO) shares saw an uptick in trading volume on Tuesday . 254,649 shares traded hands during mid-day trading, an increase of 45% from the previous session’s volume of 175,826 shares.The stock last traded at $23.47 and had previously closed at $22.92.
The firm’s 50-day moving average is $21.54 and its 200-day moving average is $19.24. The company has a market capitalization of $578.96 million and a P/E ratio of 13.40.
M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $401.20 million for the quarter, compared to the consensus estimate of $405.65 million. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. On average, equities analysts expect that M/I Homes Inc. will post $2.50 EPS for the current fiscal year.
A hedge fund recently raised its stake in M/I Homes stock. Schwab Charles Investment Management Inc. increased its position in shares of M/I Homes Inc. (NYSE:MHO) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,100 shares of the company’s stock after buying an additional 2,501 shares during the period. Schwab Charles Investment Management Inc. owned 0.31% of M/I Homes worth $1,691,000 at the end of the most recent quarter.
M/I Homes, Inc is a builder of single-family homes. The Company consists of two distinct operations: homebuilding and financial services. The Company’s homebuilding operations are aggregated for reporting purposes into three reporting segments: the Midwest, Mid-Atlantic and Southern regions. The Company’s financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations and is reported as its own segment.
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