Capital Fund Management S.A. reduced its position in shares of M.D.C. Holdings Inc. (NYSE:MDC) by 14.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,075 shares of the company’s stock after selling 23,413 shares during the period. Capital Fund Management S.A.’s holdings in M.D.C. Holdings were worth $3,361,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in M.D.C. Holdings by 7.3% in the first quarter. Legal & General Group Plc now owns 10,656 shares of the company’s stock worth $265,000 after buying an additional 722 shares during the period. Capstone Asset Management Co. acquired a new stake in M.D.C. Holdings during the second quarter worth approximately $290,000. BNP Paribas Arbitrage SA increased its stake in M.D.C. Holdings by 1,963.5% in the second quarter. BNP Paribas Arbitrage SA now owns 12,876 shares of the company’s stock worth $313,000 after buying an additional 12,252 shares during the period. Dearborn Partners LLC increased its stake in M.D.C. Holdings by 15.8% in the second quarter. Dearborn Partners LLC now owns 15,497 shares of the company’s stock worth $377,000 after buying an additional 2,115 shares during the period. Finally, BlackRock Inc. increased its stake in M.D.C. Holdings by 10.8% in the first quarter. BlackRock Inc. now owns 15,525 shares of the company’s stock worth $388,000 after buying an additional 1,509 shares during the period. 79.09% of the stock is owned by institutional investors.
M.D.C. Holdings Inc. (NYSE:MDC) traded down 1.40% during mid-day trading on Monday, reaching $25.44. The company had a trading volume of 359,154 shares. M.D.C. Holdings Inc. has a 12 month low of $19.28 and a 12 month high of $28.93. The stock’s 50-day moving average is $25.63 and its 200 day moving average is $24.87. The firm has a market capitalization of $1.25 billion, a P/E ratio of 16.96 and a beta of 1.64.
M.D.C. Holdings (NYSE:MDC) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.06. M.D.C. Holdings had a return on equity of 6.09% and a net margin of 3.62%. The company earned $571.20 million during the quarter, compared to analyst estimates of $535.12 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. On average, analysts predict that M.D.C. Holdings Inc. will post $2.11 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. Argus reissued a “hold” rating on shares of M.D.C. Holdings in a report on Tuesday, July 5th. Zacks Investment Research upgraded M.D.C. Holdings from a “sell” rating to a “hold” rating and set a $31.00 price target for the company in a research report on Tuesday, July 19th. Deutsche Bank AG cut M.D.C. Holdings from a “buy” rating to a “hold” rating and dropped their price target for the company from $28.00 to $27.00 in a research report on Monday, August 8th. Citigroup Inc. raised their price target on M.D.C. Holdings from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Finally, Wells Fargo & Co. initiated coverage on M.D.C. Holdings in a research report on Wednesday, September 28th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.25.
About M.D.C. Holdings
M.DC Holdings, Inc is engaged in two primary operations, such as homebuilding and financial services. The Company’s homebuilding operations consist of subsidiary companies that purchases finished lots or develop lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes.
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