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

Arlington Capital Management Inc. raised its position in M/I Homes, Inc. (NYSE:MHO) by 6.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,885 shares of the construction company’s stock after purchasing an additional 766 shares during the period. M/I Homes makes up 1.1% of Arlington Capital Management Inc.’s portfolio, making the stock its 21st biggest holding. 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).

Several other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in M/I Homes during the fourth quarter worth approximately $27,000. R Squared Ltd bought a new position in shares of M/I Homes in the fourth quarter worth $33,000. Steward Partners Investment Advisory LLC acquired a new position in M/I Homes in the fourth quarter valued at about $70,000. Jones Financial Companies Lllp bought a new stake in M/I Homes during the fourth quarter worth about $80,000. Finally, Daiwa Securities Group Inc. acquired a new stake in M/I Homes during the third quarter worth about $86,000. Institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

M/I Homes Stock Down 2.1 %

Shares of NYSE MHO opened at $117.95 on Wednesday. The firm has a market cap of $3.20 billion, a PE ratio of 5.98 and a beta of 2.31. M/I Homes, Inc. has a 1 year low of $109.92 and a 1 year high of $176.18. The company 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 current ratio of 7.65 and a quick ratio of 1.93.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. On average, research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current 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.