Yorktown Management & Research Co Inc held its stake in M.D.C. Holdings, Inc. (NYSE:MDC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,610 shares of the construction company’s stock at the close of the second quarter. Yorktown Management & Research Co Inc’s holdings in M.D.C. Holdings were worth $304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Winslow Evans & Crocker Inc. increased its stake in shares of M.D.C. Holdings by 34.0% during the second quarter. Winslow Evans & Crocker Inc. now owns 4,042 shares of the construction company’s stock valued at $139,000 after purchasing an additional 1,026 shares in the last quarter. BlackRock Inc. increased its stake in shares of M.D.C. Holdings by 61,394.6% during the first quarter. BlackRock Inc. now owns 5,836,452 shares of the construction company’s stock valued at $175,386,000 after purchasing an additional 5,826,961 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of M.D.C. Holdings by 11.4% during the first quarter. HighTower Advisors LLC now owns 9,311 shares of the construction company’s stock valued at $274,000 after purchasing an additional 951 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of M.D.C. Holdings during the first quarter valued at approximately $680,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of M.D.C. Holdings by 54.0% during the first quarter. PNC Financial Services Group Inc. now owns 10,109 shares of the construction company’s stock valued at $303,000 after purchasing an additional 3,544 shares in the last quarter. 81.62% of the stock is owned by institutional investors and hedge funds.

In other M.D.C. Holdings news, Director David E. Blackford sold 26,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $36.11, for a total transaction of $947,887.50. Following the transaction, the director now owns 40,928 shares in the company, valued at approximately $1,477,910.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 25.30% of the company’s stock.

A number of brokerages have weighed in 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 target price for the company in a research note on Thursday, June 29th. Bank of America Corporation reaffirmed an “underperform” rating and set a $27.00 target price (up previously from $24.00) on shares of M.D.C. Holdings in a research note on Wednesday, June 28th. Deutsche Bank AG raised their target price on shares of M.D.C. Holdings from $27.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of M.D.C. Holdings in a research note on Friday, August 25th. Four analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $31.20.

ILLEGAL ACTIVITY WARNING: “Yorktown Management & Research Co Inc Maintains Position in M.D.C. Holdings, Inc. (MDC)” was published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/17/yorktown-management-research-co-inc-maintains-position-in-m-d-c-holdings-inc-mdc.html.

Shares of M.D.C. Holdings, Inc. (MDC) traded up 0.13% during midday trading on Friday, hitting $31.66. 931,651 shares of the company traded hands. The company has a 50-day moving average price of $32.32 and a 200-day moving average price of $32.64. M.D.C. Holdings, Inc. has a 52 week low of $22.31 and a 52 week high of $36.92. The stock has a market capitalization of $1.64 billion, a P/E ratio of 13.42 and a beta of 1.35.

M.D.C. Holdings (NYSE:MDC) last posted its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $648.97 million during the quarter, compared to analyst estimates of $623.95 million. M.D.C. Holdings had a net margin of 4.76% and a return on equity of 9.25%. M.D.C. Holdings’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. Analysts anticipate that M.D.C. Holdings, Inc. will post $2.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 7th. This represents a $1.00 dividend on an annualized basis and a yield of 3.16%.

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.

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

Receive News & Ratings for M.D.C. Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M.D.C. Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.