Janus Henderson Group PLC Has $41.81 Million Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Janus Henderson Group PLC decreased its position in M/I Homes, Inc. (NYSE:MHO) by 21.3% in the 1st quarter, HoldingsChannel reports. The fund owned 306,759 shares of the construction company’s stock after selling 82,803 shares during the period. Janus Henderson Group PLC’s holdings in M/I Homes were worth $41,807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Voss Capital LLC bought a new stake in shares of M/I Homes in the 4th quarter valued at approximately $3,444,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of M/I Homes in the 1st quarter worth about $4,281,000. Stratos Wealth Partners LTD. boosted its position in M/I Homes by 143.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 26,284 shares of the construction company’s stock valued at $3,620,000 after buying an additional 15,481 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of M/I Homes by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company’s stock worth $283,313,000 after buying an additional 95,437 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of M/I Homes by 137.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 12,021 shares of the construction company’s stock valued at $1,638,000 after buying an additional 6,950 shares during the period. Institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

MHO has been the subject of a number of research reports. StockNews.com upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. Wedbush reiterated a “neutral” rating and set a $130.00 price target (up previously from $116.00) on shares of M/I Homes in a research report on Wednesday, April 24th. Finally, Raymond James assumed coverage on shares of M/I Homes in a report on Wednesday, July 24th. They issued a “strong-buy” rating and a $200.00 price objective on the stock.

M/I Homes Price Performance

Shares of M/I Homes stock remained flat at $167.60 during trading on Wednesday. The company had a trading volume of 35,843 shares, compared to its average volume of 259,009. The business’s fifty day simple moving average is $130.32 and its 200-day simple moving average is $126.58. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 9.64 and a beta of 2.23. The company has a quick ratio of 1.99, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. M/I Homes, Inc. has a twelve month low of $74.79 and a twelve month high of $170.51.

M/I Homes (NYSE:MHO) last posted its earnings results on Tuesday, July 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.52. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. During the same period in the previous year, the company earned $4.12 EPS. On average, equities research analysts forecast that M/I Homes, Inc. will post 18.34 EPS for the current fiscal year.

M/I Homes 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.