Acadian Asset Management LLC acquired a new stake in M.D.C. Holdings, Inc. (NYSE:MDC) during the second quarter, Holdings Channel reports. The firm acquired 24,078 shares of the construction company’s stock, valued at approximately $850,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MDC. LSV Asset Management raised its position in M.D.C. Holdings by 729.1% in the first quarter. LSV Asset Management now owns 86,223 shares of the construction company’s stock valued at $2,591,000 after buying an additional 75,823 shares during the last quarter. Great West Life Assurance Co. Can raised its position in M.D.C. Holdings by 8.9% in the first quarter. Great West Life Assurance Co. Can now owns 58,350 shares of the construction company’s stock valued at $1,752,000 after buying an additional 4,781 shares during the last quarter. Canada Pension Plan Investment Board raised its position in M.D.C. Holdings by 41.8% in the first quarter. Canada Pension Plan Investment Board now owns 298,735 shares of the construction company’s stock valued at $8,977,000 after buying an additional 88,000 shares during the last quarter. Hamlin Capital Management LLC raised its position in M.D.C. Holdings by 62.0% in the first quarter. Hamlin Capital Management LLC now owns 1,475,761 shares of the construction company’s stock valued at $44,347,000 after buying an additional 564,646 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in M.D.C. Holdings by 0.9% in the first quarter. Janney Montgomery Scott LLC now owns 12,548 shares of the construction company’s stock valued at $377,000 after buying an additional 111 shares during the last quarter. 80.20% of the stock is owned by institutional investors.

Shares of M.D.C. Holdings, Inc. (MDC) traded down 0.015% during mid-day trading on Friday, hitting $32.515. 433,692 shares of the stock were exchanged. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 13.778 and a beta of 1.36. M.D.C. Holdings, Inc. has a 12 month low of $22.31 and a 12 month high of $36.92. The company has a 50-day moving average price of $35.21 and a 200-day moving average price of $32.00.

M.D.C. Holdings (NYSE:MDC) last issued its earnings results on Tuesday, August 1st. The construction company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. M.D.C. Holdings had a return on equity of 9.25% and a net margin of 4.76%. The business had revenue of $648.97 million for the quarter, compared to analyst estimates of $623.95 million. During the same quarter last year, the company earned $0.55 EPS. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Equities analysts expect that M.D.C. Holdings, Inc. will post $2.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Monday, August 7th.

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Several research firms have commented on MDC. BidaskClub raised shares of M.D.C. Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 29th. Zacks Investment Research raised shares of M.D.C. Holdings from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Thursday, June 29th. Bank of America Corporation reaffirmed an “underperform” rating and set a $27.00 price objective (up from $24.00) on shares of M.D.C. Holdings in a research note on Wednesday, June 28th. Wells Fargo & Company lowered shares of M.D.C. Holdings from a “market perform” rating to an “underperform” rating and set a $30.00 price objective for the company. in a research note on Tuesday, May 16th. Finally, Deutsche Bank AG lifted their price objective on shares of M.D.C. Holdings from $27.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. M.D.C. Holdings presently has a consensus rating of “Hold” and an average price target of $31.20.

In other news, Director Michael A. Berman sold 52,500 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $35.60, for a total transaction of $1,869,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Herbert T. Buchwald sold 26,250 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $34.14, for a total value of $896,175.00. The disclosure for this sale can be found here. Insiders have sold a total of 189,000 shares of company stock worth $6,602,663 in the last three months. Corporate insiders own 25.30% of the company’s stock.

About M.D.C. Holdings

M.DC Holdings, Inc is engaged in two primary operations, including homebuilding and financial services. The Company’s segments include West, including segments located in Arizona, California, Nevada and Washington; Mountain, including segments located in Colorado and Utah; East, including segments located in Virginia, Florida and Maryland, which includes Pennsylvania and New Jersey; mortgage operations, including HomeAmerican Mortgage Corporation, and Other, which includes Allegiant Insurance Company, Inc, StarAmerican Insurance Ltd., American Home Insurance Agency, Inc and American Home Title and Escrow Company.

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

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