M/I Homes, Inc. (NYSE:MHO) Holdings Lowered by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 35.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,694 shares of the construction company's stock after selling 101,154 shares during the quarter. Janus Henderson Group PLC owned approximately 0.67% of M/I Homes worth $31,649,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in M/I Homes by 260.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company's stock valued at $34,251,000 after purchasing an additional 144,406 shares during the period. Vision Capital Corp acquired a new stake in shares of M/I Homes in the 3rd quarter worth about $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in M/I Homes by 129.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company's stock valued at $21,342,000 after purchasing an additional 70,278 shares during the last quarter. Renaissance Technologies LLC lifted its position in M/I Homes by 187.0% in the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company's stock valued at $9,673,000 after purchasing an additional 51,600 shares during the last quarter. Finally, American Century Companies Inc. grew its position in M/I Homes by 7.7% in the 2nd quarter. American Century Companies Inc. now owns 703,983 shares of the construction company's stock worth $85,984,000 after purchasing an additional 50,330 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Price Performance

M/I Homes stock traded down $0.46 during trading hours on Friday, hitting $159.35. 219,735 shares of the company traded hands, compared to its average volume of 221,623. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The firm has a market cap of $4.42 billion, a P/E ratio of 8.54 and a beta of 2.23. The firm's 50-day simple moving average is $162.05 and its two-hundred day simple moving average is $149.25. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MHO shares. Wedbush raised M/I Homes from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $155.00 to $185.00 in a report on Monday, November 4th. StockNews.com downgraded M/I Homes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st.

Insiders Place Their Bets

In related news, CFO Phillip G. Creek sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total value of $3,200,000.00. Following the sale, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. The trade was a 51.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by insiders.

About M/I Homes

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.