M/I Homes (NYSE:MHO) Shares Gap Up to $57.11

M/I Homes, Inc. (NYSE:MHO)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $57.11, but opened at $58.74. M/I Homes shares last traded at $60.25, with a volume of 3,436 shares.

Separately, Zacks Investment Research downgraded shares of M/I Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, November 2nd.

The company has a debt-to-equity ratio of 0.59, a current ratio of 5.34 and a quick ratio of 0.84. The stock’s 50 day simple moving average is $59.82 and its two-hundred day simple moving average is $60.37. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 4.82 and a beta of 2.00.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, October 27th. The construction company reported $3.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.47 by ($0.44). M/I Homes had a net margin of 10.10% and a return on equity of 26.88%. The firm had revenue of $904.32 million during the quarter, compared to analyst estimates of $975.60 million. During the same quarter in the prior year, the firm posted $2.51 EPS. As a group, analysts predict that M/I Homes, Inc. will post 13.18 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. KCS Wealth Advisory boosted its stake in shares of M/I Homes by 1.1% in the 3rd quarter. KCS Wealth Advisory now owns 19,718 shares of the construction company’s stock valued at $1,140,000 after purchasing an additional 210 shares in the last quarter. Shaker Investments LLC OH raised its holdings in shares of M/I Homes by 0.7% in the third quarter. Shaker Investments LLC OH now owns 32,050 shares of the construction company’s stock valued at $1,852,000 after buying an additional 230 shares during the last quarter. Profund Advisors LLC raised its holdings in shares of M/I Homes by 6.6% in the second quarter. Profund Advisors LLC now owns 3,961 shares of the construction company’s stock valued at $232,000 after buying an additional 245 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of M/I Homes by 6.7% in the second quarter. Mutual of America Capital Management LLC now owns 4,149 shares of the construction company’s stock valued at $243,000 after buying an additional 261 shares during the last quarter. Finally, CWM Advisors LLC raised its holdings in shares of M/I Homes by 3.1% in the second quarter. CWM Advisors LLC now owns 9,108 shares of the construction company’s stock valued at $534,000 after buying an additional 276 shares during the last quarter. Institutional investors own 88.57% of the company’s stock.

About M/I Homes (NYSE:MHO)

M/I Homes, Inc engages in the construction and development of residential properties. It operates through the following business segments: Homebuilding and Financial Services. The Homebuilding segment designs, markets, constructs and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers.

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