M/I Homes Inc. (MHO) Sees Strong Trading Volume
Shares of M/I Homes Inc. (NYSE:MHO) saw unusually-high trading volume on Thursday . Approximately 281,346 shares were traded 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 company has a market cap of $567.61 million and a PE ratio of 13.82. The firm’s 50 day moving average price is $19.39 and its 200 day moving average price is $18.62.
M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01. The company had revenue of $401.20 million for the quarter, compared to analysts’ expectations of $405.65 million. During the same period last year, the company posted $0.43 EPS. The business’s revenue was up 24.2% compared to the same quarter last year. On average, equities research analysts forecast that M/I Homes Inc. will post $2.35 earnings per share for the current fiscal year.
Several institutional investors recently modified their holdings of MHO. Donald Smith & CO. Inc. raised its position in shares of M/I Homes by 111.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 921,576 shares of the company’s stock worth $20,201,000 after buying an additional 486,646 shares in the last quarter. Bank of Montreal Can increased 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 worth $14,311,000 after buying an additional 2,021 shares during the last quarter. Finally, Nationwide Fund Advisors increased 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 worth $2,340,000 after buying an additional 331 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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