M.D.C. Holdings, Inc. (NYSE:MDC) Shares Purchased by EMC Capital Management

EMC Capital Management raised its stake in M.D.C. Holdings, Inc. (NYSE:MDCFree Report) by 181.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,993 shares of the construction company’s stock after buying an additional 2,575 shares during the quarter. EMC Capital Management’s holdings in M.D.C. were worth $165,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ronald Blue Trust Inc. lifted its position in M.D.C. by 100.0% in the third quarter. Ronald Blue Trust Inc. now owns 640 shares of the construction company’s stock valued at $26,000 after buying an additional 320 shares during the last quarter. CWM LLC lifted its position in shares of M.D.C. by 31.7% during the third quarter. CWM LLC now owns 1,447 shares of the construction company’s stock worth $60,000 after purchasing an additional 348 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of M.D.C. during the first quarter worth about $72,000. Adirondack Trust Co. acquired a new stake in shares of M.D.C. during the third quarter worth about $82,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of M.D.C. by 74.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,936 shares of the construction company’s stock worth $91,000 after purchasing an additional 829 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MDC shares. StockNews.com started coverage on shares of M.D.C. in a research report on Wednesday, February 7th. They set a “hold” rating on the stock. Evercore ISI cut shares of M.D.C. from an “outperform” rating to an “in-line” rating and increased their price target for the stock from $57.00 to $63.00 in a research report on Wednesday, January 31st. Raymond James reissued a “market perform” rating on shares of M.D.C. in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of M.D.C. from $41.50 to $39.50 and set an “underweight” rating for the company in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $52.13.

Get Our Latest Stock Report on M.D.C.

M.D.C. Stock Down 0.1 %

Shares of M.D.C. stock opened at $62.29 on Tuesday. The company has a quick ratio of 3.92, a current ratio of 9.76 and a debt-to-equity ratio of 0.50. M.D.C. Holdings, Inc. has a 52-week low of $34.79 and a 52-week high of $63.00. The company has a 50 day moving average of $56.48 and a 200 day moving average of $48.27. The company has a market capitalization of $4.65 billion, a P/E ratio of 11.80 and a beta of 1.55.

M.D.C. (NYSE:MDCGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The construction company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.06. M.D.C. had a net margin of 8.64% and a return on equity of 12.32%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, research analysts forecast that M.D.C. Holdings, Inc. will post 5.38 EPS for the current fiscal year.

M.D.C. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.53%. M.D.C.’s payout ratio is 41.67%.

M.D.C. Profile

(Free Report)

M.DC Holdings, Inc, through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name.

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Institutional Ownership by Quarter for M.D.C. (NYSE:MDC)

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