M/I Homes (NYSE:MHO) Shares Up 5.9%

M/I Homes, Inc. (NYSE:MHO - Get Free Report) shares shot up 5.9% during trading on Thursday . The company traded as high as $138.21 and last traded at $138.02. 133,811 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 262,709 shares. The stock had previously closed at $130.30.

Analyst Ratings Changes

MHO has been the topic of a number of research reports. Wedbush cut M/I Homes from an "outperform" rating to a "neutral" rating and set a $116.00 price target on the stock. in a research note on Monday, December 18th. StockNews.com raised M/I Homes from a "hold" rating to a "buy" rating in a report on Monday, February 19th.

M/I Homes Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 6.84 and a quick ratio of 1.68. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 8.39 and a beta of 2.13. The stock's 50-day moving average is $126.04 and its 200 day moving average is $111.11.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.94 by ($1.28). M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. The company had revenue of $972.59 million for the quarter, compared to analyst estimates of $1.19 billion. As a group, analysts predict that M/I Homes, Inc. will post 16.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ann Marie Hunker sold 2,461 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the sale, the insider now directly owns 2,342 shares of the company's stock, valued at approximately $300,970.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On M/I Homes

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of M/I Homes by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company's stock valued at $283,313,000 after purchasing an additional 95,437 shares in the last quarter. Congress Asset Management Co. MA raised its stake in shares of M/I Homes by 0.7% in the 4th quarter. Congress Asset Management Co. MA now owns 47,043 shares of the construction company's stock valued at $6,480,000 after purchasing an additional 338 shares in the last quarter. Cim LLC acquired a new stake in shares of M/I Homes in the 4th quarter valued at about $362,000. GSA Capital Partners LLP raised its stake in shares of M/I Homes by 321.6% in the 4th quarter. GSA Capital Partners LLP now owns 15,540 shares of the construction company's stock valued at $2,140,000 after purchasing an additional 11,854 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC acquired a new stake in shares of M/I Homes in the 4th quarter valued at about $275,000. Institutional investors and hedge funds own 95.14% of the company's stock.

About M/I Homes

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.