Janus Henderson Group PLC Lowers Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Janus Henderson Group PLC trimmed its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 28.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,802 shares of the construction company's stock after selling 52,892 shares during the quarter. Janus Henderson Group PLC owned about 0.47% of M/I Homes worth $17,524,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vontobel Holding Ltd. raised its position in M/I Homes by 107.2% in the fourth quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company's stock valued at $734,000 after purchasing an additional 2,858 shares during the period. Congress Asset Management Co. lifted its holdings in shares of M/I Homes by 11.7% in the 4th quarter. Congress Asset Management Co. now owns 51,248 shares of the construction company's stock worth $6,813,000 after acquiring an additional 5,379 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in M/I Homes by 283.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company's stock valued at $88,000 after purchasing an additional 493 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in M/I Homes in the fourth quarter valued at approximately $43,674,000. Finally, Arkadios Wealth Advisors grew its stake in shares of M/I Homes by 4.2% in the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock valued at $296,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Raymond James decreased their price target on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 29th. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, StockNews.com downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

M/I Homes Stock Down 1.5%

MHO traded down $1.72 on Monday, reaching $110.68. The company's stock had a trading volume of 145,398 shares, compared to its average volume of 284,492. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 5.62 and a beta of 1.75. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. 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 stock has a 50 day moving average of $110.82 and a two-hundred day moving average of $128.71.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.16 by ($0.18). The company had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. M/I Homes's revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.78 earnings per share. As a group, analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

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.