Arlington Capital Management Inc. Buys 766 Shares of M/I Homes, Inc. (NYSE:MHO)

Arlington Capital Management Inc. boosted its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,885 shares of the construction company’s stock after acquiring an additional 766 shares during the quarter. M/I Homes accounts for 1.1% of Arlington Capital Management Inc.’s portfolio, making the stock its 21st largest position. Arlington Capital Management Inc.’s holdings in M/I Homes were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Securities Inc. acquired a new stake in M/I Homes in the 4th quarter valued at about $27,000. R Squared Ltd bought a new stake in M/I Homes during the 4th quarter worth about $33,000. Steward Partners Investment Advisory LLC bought a new position in shares of M/I Homes in the 4th quarter valued at about $70,000. Jones Financial Companies Lllp acquired a new stake in shares of M/I Homes during the 4th quarter worth approximately $80,000. Finally, Daiwa Securities Group Inc. acquired a new position in M/I Homes in the third quarter valued at approximately $86,000. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MHO shares. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Raymond James restated a “strong-buy” rating and set a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Finally, StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

M/I Homes Stock Down 2.1 %

NYSE:MHO opened at $117.95 on Wednesday. The company has a market cap of $3.20 billion, a PE ratio of 5.98 and a beta of 2.31. The stock has a 50-day simple moving average of $122.58 and a 200 day simple moving average of $143.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. On average, sell-side analysts expect 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.