Arlington Capital Management Inc. Takes Position in M/I Homes, Inc. (NYSE:MHO)

Arlington Capital Management Inc. purchased a new position in M/I Homes, Inc. (NYSE:MHO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,964 shares of the construction company's stock, valued at approximately $959,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of M/I Homes in the fourth quarter valued at $29,000. GAMMA Investing LLC bought a new position in shares of M/I Homes during the 4th quarter worth about $27,000. Strs Ohio boosted its position in shares of M/I Homes by 200.0% during the 3rd quarter. Strs Ohio now owns 300 shares of the construction company's stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Clearstead Advisors LLC increased its stake in M/I Homes by 1,979.2% in the third quarter. Clearstead Advisors LLC now owns 499 shares of the construction company's stock valued at $42,000 after acquiring an additional 475 shares during the period. Finally, Sawgrass Asset Management LLC bought a new stake in M/I Homes in the fourth quarter valued at about $203,000. Institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MHO shares. StockNews.com raised M/I Homes from a "buy" rating to a "strong-buy" rating in a report on Friday, April 26th. Wedbush reiterated a "neutral" rating and issued a $130.00 price target (up from $116.00) on shares of M/I Homes in a research report on Wednesday, April 24th.

M/I Homes Price Performance

NYSE:MHO traded up $0.90 on Thursday, reaching $123.45. The stock had a trading volume of 158,229 shares, compared to its average volume of 270,031. 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 1-year low of $67.51 and a 1-year high of $140.73. The company has a market capitalization of $3.43 billion, a P/E ratio of 7.10 and a beta of 2.16. The stock has a fifty day moving average price of $123.15 and a 200-day moving average price of $118.68.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $4.78 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.82. M/I Homes had a return on equity of 20.26% and a net margin of 12.27%. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.01 billion. Research analysts forecast that M/I Homes, Inc. will post 18.18 EPS for the current year.

Insider Transactions at M/I Homes

In related news, insider Ann Marie Hunker sold 2,461 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total value of $316,263.11. Following the transaction, the insider now directly owns 2,342 shares in the company, valued at $300,970.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Susan E. Krohne sold 9,000 shares of the business's stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the transaction, the insider now directly owns 3,609 shares in the company, valued at approximately $440,298. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ann Marie Hunker sold 2,461 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $128.51, for a total value of $316,263.11. Following the completion of the sale, the insider now directly owns 2,342 shares of the company's stock, valued at $300,970.42. The disclosure for this sale can be found here. Insiders sold a total of 30,661 shares of company stock worth $3,756,663 in the last quarter. 3.70% of the stock is owned by company 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.