M/I Homes (NYSE:MHO) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

M/I Homes, Inc. (NYSE:MHO) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $135.95 and traded as high as $150.44. M/I Homes shares last traded at $146.9050, with a volume of 177,360 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zelman & Associates downgraded shares of M/I Homes from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 7th. Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Freedom Capital raised shares of M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Seaport Research Partners restated a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, M/I Homes currently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

M/I Homes Price Performance

The company has a 50-day moving average of $142.65 and a two-hundred day moving average of $136.08. The stock has a market capitalization of $3.80 billion, a PE ratio of 11.19 and a beta of 1.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95.

M/I Homes (NYSE:MHO) last posted its quarterly 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 net margin of 8.24% and a return on equity of 12.91%. The business had revenue of $920.71 million during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the firm earned $3.98 EPS. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. Sell-side analysts predict that M/I Homes, Inc. will post 12.6 EPS for the current fiscal year.

Hedge Funds Weigh In On M/I Homes

Several institutional investors and hedge funds have recently bought and sold shares of MHO. Hilton Head Capital Partners LLC purchased a new position in M/I Homes during the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of M/I Homes by 90.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after buying an additional 135 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of M/I Homes during the 4th quarter worth $49,000. Caitong International Asset Management Co. Ltd raised its position in shares of M/I Homes by 1,090.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock worth $64,000 after buying an additional 458 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of M/I Homes by 133.7% in the 2nd quarter. Versant Capital Management Inc now owns 409 shares of the construction company’s stock worth $66,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

About M/I Homes

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.