M/I Homes (NYSE:MHO) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

M/I Homes, Inc. (NYSE:MHO)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $131.88 and traded as high as $141.31. M/I Homes shares last traded at $138.6160, with a volume of 273,164 shares changing hands.

Analyst Ratings Changes

Several research firms have recently weighed in on MHO. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. Zacks Research cut shares of M/I Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, Seaport Research Partners restated a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

M/I Homes Price Performance

The company’s fifty day moving average is $126.80 and its 200 day moving average is $131.88. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 10.44 and a beta of 1.62. The company has a quick ratio of 1.95, a current ratio of 8.40 and a debt-to-equity ratio of 0.30.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, April 22nd. The construction company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.09). M/I Homes had a return on equity of 12.91% and a net margin of 8.24%.The business had revenue of $920.71 million for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $3.98 EPS. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities research analysts predict that M/I Homes, Inc. will post 12.6 EPS for the current year.

Institutional Trading of M/I Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. raised its position in M/I Homes by 5.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,463,340 shares of the construction company’s stock worth $187,234,000 after acquiring an additional 82,090 shares in the last quarter. State Street Corp raised its position in M/I Homes by 2.2% during the fourth quarter. State Street Corp now owns 1,337,188 shares of the construction company’s stock worth $171,093,000 after acquiring an additional 28,187 shares in the last quarter. American Century Companies Inc. raised its position in M/I Homes by 10.9% during the third quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock worth $135,282,000 after acquiring an additional 91,732 shares in the last quarter. Millennium Management LLC raised its position in M/I Homes by 107.5% during the fourth quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock worth $55,592,000 after acquiring an additional 225,120 shares in the last quarter. Finally, Royce & Associates LP raised its position in M/I Homes by 5.3% during the fourth quarter. Royce & Associates LP now owns 326,606 shares of the construction company’s stock worth $41,789,000 after acquiring an additional 16,445 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Company Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.