The stock is trading at $33.40 significantly above the 50 day moving average which is $27.66 and quite a bit higher than the 200 day moving average of $27.11. The 50 day moving average was up by +20.74% whereas the 200 day average was up by +23.21%. Trading was heavy with 453K shares changing hands on Tuesday. Overall, volume was up 54.68% over the stocks normal daily volume.
Traders are a little more bullish on M/I Homes, Inc. of late if you take note of the decrease in short interest. The firm had a fall in short interest between September 29, 2017 and October 13, 2017 of -14.64%. Short shares decreased 83,205 over that period. With short interest at 485,029 and short average daily volume at 139,874, days to cover is 3.0 and the short interest percentage is 0.02% as of October 13.
M/I Homes, Inc. (NYSE:MHO) has been the object of insider selling activity recently. Robert H. Schottenstein, Chairman sold $2,292,906 worth of shares at an average price of $32.34 on October 30th. Schottenstein now owns $2,016,852 of stock per an SEC filing yesterday. Ex. Vice President and CFO Phillip G. Creek sold 24,600 shares at an average price of $32.54 on Mon the 30th. That brings Creek’s holdings to $356,996 as recorded in a recent Form 4 SEC filing.
The following firms have recently changed their position in MHO. Bank Of Montreal /can/ trimmed its investment by shedding 354 shares a decrease of 38.3% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ owns 571 shares with a value of $15,000. The value of the position overall is down by 42.3%. Nationwide Fund Advisors divested its holdings by selling 447 shares a decrease of 2.4%. Nationwide Fund Advisors now holds 18,386 shares worth $491,000. The total value of its holdings decreased 8.7%.
As of the end of the quarter Victory Capital Management Inc had disposed of a total of 553 shares trimming its holdings by 0.9%. The value of the investment in MHO decreased from $1,761,000 to $1,633,000 a change of 7.3% for the reporting period. As of quarter end Aperio Group, LLC had sold 3,983 shares trimming its position 13.7%. The value of the investment in (MHO) went from $831,000 to $671,000 a change of $160,000 since the last quarter.
On July 31 the company was changed to “Market Outperform” in a report from JMP Securities a boost from the previous “Market Perform” rating.
M/I Homes, Inc.’s P/E ratio is 15.80 and the market value is 838.47M. As of the latest earnings report the EPS was $2.11 and is expected to be $2.91 for the current year with 25,104,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.63 with next year’s EPS anticipated to be $3.49.
M/I Homes, Inc., launched on November 22, 1991, is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Tampa, Orlando and Sarasota, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and the Virginia and Maryland suburbs of Washington, D.C. It has homebuilding operations across three geographic regions in the United States which are aggregated into three homebuilding segments: Midwest homebuilding, Southern homebuilding and Mid-Atlantic homebuilding. The Business’s financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations. It markets and sells homes primarily under the M/I Homes brand (M/I Homes and Showcase Collection (by M/I))..