BNP Paribas Arbitrage SA cut its stake in shares of M.D.C. Holdings Inc. (NYSE:MDC) by 48.4% during the third quarter, Holdings Channel reports. The fund owned 6,641 shares of the company’s stock after selling 6,235 shares during the period. BNP Paribas Arbitrage SA’s holdings in M.D.C. Holdings were worth $171,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. PineBridge Investments L.P. acquired a new stake in shares of M.D.C. Holdings during the second quarter worth about $121,000. Teacher Retirement System of Texas raised its stake in shares of M.D.C. Holdings by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,446 shares of the company’s stock worth $133,000 after buying an additional 663 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in shares of M.D.C. Holdings during the second quarter worth about $187,000. Profund Advisors LLC acquired a new stake in shares of M.D.C. Holdings during the second quarter worth about $216,000. Finally, Quantitative Investment Management LLC acquired a new stake in shares of M.D.C. Holdings during the second quarter worth about $221,000. 79.09% of the stock is owned by institutional investors and hedge funds.
M.D.C. Holdings Inc. (NYSE:MDC) opened at 24.62 on Friday. The stock has a 50 day moving average price of $25.60 and a 200-day moving average price of $24.88. M.D.C. Holdings Inc. has a one year low of $19.28 and a one year high of $28.93. The stock has a market capitalization of $1.21 billion, a P/E ratio of 16.41 and a beta of 1.64.
M.D.C. Holdings (NYSE:MDC) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The business earned $571.20 million during the quarter, compared to analyst estimates of $535.12 million. M.D.C. Holdings had a return on equity of 6.09% and a net margin of 3.62%. The business’s revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. Analysts anticipate that M.D.C. Holdings Inc. will post $2.11 earnings per share for the current year.
A number of equities research analysts recently issued reports on the company. Wells Fargo & Co. assumed coverage on M.D.C. Holdings in a research note on Wednesday, September 28th. They set a “market perform” rating for the company. Deutsche Bank AG lowered M.D.C. Holdings from a “buy” rating to a “hold” rating and decreased their price target for the stock from $28.00 to $27.00 in a research note on Monday, August 8th. Citigroup Inc. raised their price target on M.D.C. Holdings from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research raised 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 note on Tuesday, July 19th. Finally, Argus reaffirmed a “hold” rating on shares of M.D.C. Holdings in a research report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. M.D.C. Holdings has an average rating of “Hold” and a consensus price target of $27.25.
M.D.C. Holdings Company Profile
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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