M/I Homes (NYSE:MHO) Reaches New 52-Week Low - Should You Sell?

M/I Homes, Inc. (NYSE:MHO - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $102.48 and last traded at $103.96, with a volume of 266674 shares. The stock had previously closed at $109.22.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com raised shares of M/I Homes from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Raymond James reissued a "strong-buy" rating and issued a $168.00 price objective (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Finally, Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

M/I Homes Stock Down 0.1 %

The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 5.40 and a beta of 1.99. The business's 50-day moving average is $115.92 and its 200-day moving average is $138.47.

M/I Homes (NYSE:MHO - Get Free Report) last issued its earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts' consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. As a group, equities analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

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Institutional Trading of M/I Homes

Hedge funds have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. grew its position in shares of M/I Homes by 6.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock valued at $154,779,000 after acquiring an additional 65,771 shares during the period. American Century Companies Inc. increased its position in shares of M/I Homes by 2.4% in the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock valued at $113,063,000 after buying an additional 20,055 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of M/I Homes by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company's stock worth $124,050,000 after buying an additional 21,575 shares during the period. Franklin Resources Inc. lifted its position in shares of M/I Homes by 2.3% during the 4th quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company's stock valued at $91,402,000 after buying an additional 15,685 shares in the last quarter. Finally, Northern Trust Corp grew its stake in M/I Homes by 8.4% in the 4th quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock valued at $46,134,000 after acquiring an additional 26,820 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Company Profile

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.