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

Arlington Capital Management Inc. bought a new position in M/I Homes, Inc. (NYSE:MHO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,964 shares of the construction company’s stock, valued at approximately $959,000.

Several other institutional investors and hedge funds have also bought and sold shares of MHO. SummerHaven Investment Management LLC grew its position in M/I Homes by 1.1% during the fourth quarter. SummerHaven Investment Management LLC now owns 8,198 shares of the construction company’s stock worth $1,129,000 after buying an additional 88 shares in the last quarter. Strs Ohio increased its position in shares of M/I Homes by 200.0% in the third quarter. Strs Ohio now owns 300 shares of the construction company’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in M/I Homes during the fourth quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new position in M/I Homes in the 4th quarter worth approximately $27,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of M/I Homes by 9.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,669 shares of the construction company’s stock worth $308,000 after buying an additional 302 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other M/I Homes news, insider Susan E. Krohne sold 9,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the sale, the insider now owns 3,609 shares of the company’s stock, valued at approximately $440,298. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Ann Marie Hunker sold 2,461 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was 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 owns 2,342 shares of the company’s stock, valued at $300,970.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan E. Krohne sold 9,000 shares of M/I Homes stock in a transaction on Friday, April 26th. The shares were sold at an average price of $122.00, for a total transaction of $1,098,000.00. Following the completion of the sale, the insider now owns 3,609 shares in the company, valued at approximately $440,298. The disclosure for this sale can be found here. Insiders have sold a total of 30,661 shares of company stock valued at $3,756,663 over the last three months. 3.70% of the stock is owned by company insiders.

M/I Homes Trading Up 1.0 %

Shares of MHO stock traded up $1.26 on Thursday, hitting $123.81. 28,153 shares of the company’s stock traded hands, compared to its average volume of 268,553. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.99 and a current ratio of 6.91. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 7.05 and a beta of 2.16. The company’s fifty day simple moving average is $123.22 and its 200 day simple moving average is $118.65. M/I Homes, Inc. has a one year low of $67.51 and a one year high of $140.73.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MHO shares. Wedbush reaffirmed a “neutral” rating and set a $130.00 price objective (up from $116.00) on shares of M/I Homes in a report on Wednesday, April 24th. StockNews.com upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th.

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.