M/I Homes, Inc. (NYSE:MHO) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lessened its holdings in M/I Homes, Inc. (NYSE:MHO) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,221 shares of the construction company’s stock after selling 191 shares during the period. Jennison Associates LLC’s holdings in M/I Homes were worth $938,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. TD Asset Management Inc. raised its holdings in shares of M/I Homes by 28.2% in the 3rd quarter. TD Asset Management Inc. now owns 32,300 shares of the construction company’s stock valued at $1,867,000 after buying an additional 7,100 shares during the period. Shaker Investments LLC OH increased its holdings in M/I Homes by 0.7% during the 3rd quarter. Shaker Investments LLC OH now owns 32,050 shares of the construction company’s stock worth $1,852,000 after purchasing an additional 230 shares during the period. Congress Asset Management Co. MA increased its holdings in M/I Homes by 4.4% during the 3rd quarter. Congress Asset Management Co. MA now owns 123,526 shares of the construction company’s stock worth $7,140,000 after purchasing an additional 5,240 shares during the period. Cim LLC increased its holdings in M/I Homes by 8.0% during the 3rd quarter. Cim LLC now owns 3,906 shares of the construction company’s stock worth $233,000 after purchasing an additional 290 shares during the period. Finally, Swiss National Bank increased its holdings in shares of M/I Homes by 0.5% in the 3rd quarter. Swiss National Bank now owns 64,500 shares of the construction company’s stock valued at $3,728,000 after acquiring an additional 300 shares during the last quarter. 88.57% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded M/I Homes from a “buy” rating to a “hold” rating in a report on Tuesday, November 2nd.

MHO opened at $58.69 on Friday. M/I Homes, Inc. has a one year low of $44.01 and a one year high of $74.85. The company has a market cap of $1.71 billion, a P/E ratio of 4.82 and a beta of 2.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.84 and a current ratio of 5.34. The business’s 50-day simple moving average is $59.82 and its 200-day simple moving average is $60.37.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, October 27th. The construction company reported $3.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.47 by ($0.44). The firm had revenue of $904.32 million during the quarter, compared to analyst estimates of $975.60 million. M/I Homes had a net margin of 10.10% and a return on equity of 26.88%. During the same period last year, the company earned $2.51 earnings per share. As a group, analysts predict that M/I Homes, Inc. will post 13.18 earnings per share for the current fiscal year.

About M/I Homes

M/I Homes, Inc engages in the construction and development of residential properties. It operates through the following business segments: Homebuilding and Financial Services. The Homebuilding segment designs, markets, constructs and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers.

Further Reading: Asset Allocation, Balancing Your Investments

Want to see what other hedge funds are holding MHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M/I Homes, Inc. (NYSE:MHO).

Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

Receive News & Ratings for M/I Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes and related companies with MarketBeat.com's FREE daily email newsletter.