Jennison Associates LLC Decreases Holdings in M/I Homes, Inc. (NYSE:MHO)

Jennison Associates LLC cut its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,221 shares of the construction company’s stock after selling 191 shares during the quarter. Jennison Associates LLC owned 0.06% of M/I Homes worth $938,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Newbridge Financial Services Group Inc. purchased a new position in shares of M/I Homes in the second quarter worth $29,000. Dark Forest Capital Management LP purchased a new position in shares of M/I Homes in the second quarter worth $40,000. Mark Sheptoff Financial Planning LLC purchased a new position in shares of M/I Homes in the second quarter worth $83,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of M/I Homes in the second quarter worth $123,000. Finally, Advisor Group Holdings Inc. increased its stake in shares of M/I Homes by 289.8% in the third quarter. Advisor Group Holdings Inc. now owns 3,224 shares of the construction company’s stock worth $187,000 after buying an additional 2,397 shares during the period. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

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

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

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

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

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