Somewhat Positive Media Coverage Somewhat Unlikely to Impact M/I Homes (MHO) Stock Price
Press coverage about M/I Homes (NYSE:MHO) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. M/I Homes earned a news impact score of 0.21 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 45.9492736758577 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- M/I Homes Inc.: M/I Homes Announces Fourth Quarter and Year-End Earnings Webcast (twst.com)
- M/I Homes, Inc. Announces Fourth Quarter and Year-End Earnings Webcast (finance.yahoo.com)
- AmWINS Group, Inc. Names Scott M. Purviance Chief Executive Officer (businesswire.com)
- Foxconn development wave spreading west across I-94 (bizjournals.com)
M/I Homes (MHO) traded down $0.01 on Friday, hitting $36.46. The stock had a trading volume of 256,325 shares, compared to its average volume of 138,129. M/I Homes has a fifty-two week low of $22.55 and a fifty-two week high of $37.41. The stock has a market cap of $1,003.42, a P/E ratio of 15.13 and a beta of 1.31. The company has a current ratio of 6.46, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00.
MHO has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded M/I Homes from a “buy” rating to a “hold” rating in a report on Saturday, September 23rd. JMP Securities set a $38.00 price objective on M/I Homes and gave the company a “buy” rating in a report on Thursday, October 26th. ValuEngine upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 31st. Wedbush increased their price objective on M/I Homes from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, December 29th. Finally, TheStreet downgraded M/I Homes from a “b-” rating to a “c+” rating in a report on Thursday, December 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $40.00.
In related news, insider Phillip G. Creek sold 25,400 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $32.08, for a total transaction of $814,832.00. Following the transaction, the insider now owns 60,971 shares in the company, valued at approximately $1,955,949.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert H. Schottenstein sold 15,800 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $31.90, for a total value of $504,020.00. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.
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About M/I Homes
M/I Homes, Inc 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.
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