M.D.C. Holdings, Inc. (MDC) Shares Sold by Lesa Sroufe & Co
Lesa Sroufe & Co lessened its position in M.D.C. Holdings, Inc. (NYSE:MDC) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,431 shares of the construction company’s stock after selling 3,805 shares during the quarter. M.D.C. Holdings comprises 4.3% of Lesa Sroufe & Co’s holdings, making the stock its 7th largest position. Lesa Sroufe & Co owned 0.29% of M.D.C. Holdings worth $4,929,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDC. BlackRock Inc. lifted its position in 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 worth $175,386,000 after buying an additional 5,826,961 shares in the last quarter. Federated Investors Inc. PA lifted its position in M.D.C. Holdings by 80,713.5% during the second quarter. Federated Investors Inc. PA now owns 244,865 shares of the construction company’s stock worth $8,651,000 after buying an additional 244,562 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in M.D.C. Holdings during the second quarter worth approximately $803,000. HighTower Advisors LLC lifted its position in 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 worth $274,000 after buying an additional 951 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in M.D.C. Holdings during the second quarter worth approximately $1,696,000. Institutional investors and hedge funds own 80.73% of the company’s stock.
A number of brokerages recently commented on MDC. UBS AG reduced their price objective on M.D.C. Holdings from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Monday, November 6th. Citigroup Inc. reduced their price objective on M.D.C. Holdings from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. ValuEngine downgraded M.D.C. Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded M.D.C. Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, KeyCorp restated a “hold” rating on shares of M.D.C. Holdings in a research report on Tuesday, September 26th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. M.D.C. Holdings has a consensus rating of “Hold” and a consensus price target of $30.33.
M.D.C. Holdings, Inc. (NYSE:MDC) traded up $0.24 during trading hours on Friday, reaching $33.42. The company’s stock had a trading volume of 331,700 shares, compared to its average volume of 521,242. M.D.C. Holdings, Inc. has a 12 month low of $25.40 and a 12 month high of $37.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 9.45 and a quick ratio of 2.60. The stock has a market capitalization of $1,723.01, a P/E ratio of 11.02, a P/E/G ratio of 1.01 and a beta of 1.38.
M.D.C. Holdings (NYSE:MDC) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.55. M.D.C. Holdings had a return on equity of 11.66% and a net margin of 6.09%. The business had revenue of $586.30 million during the quarter, compared to analysts’ expectations of $595.05 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. equities analysts expect that M.D.C. Holdings, Inc. will post 2.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.99%. M.D.C. Holdings’s payout ratio is presently 33.22%.
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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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