Sciencast Management LP Invests $420,000 in M.D.C. Holdings, Inc. (MDC) Stock

Sciencast Management LP acquired a new stake in shares of M.D.C. Holdings, Inc. (NYSE:MDC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,900 shares of the construction company’s stock, valued at approximately $420,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDC. Ameritas Investment Partners Inc. bought a new stake in shares of M.D.C. Holdings during the first quarter valued at approximately $108,000. Winslow Evans & Crocker Inc. increased its holdings 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 acquiring an additional 1,026 shares in the last quarter. Amalgamated Bank bought a new stake in shares of M.D.C. Holdings during the second quarter valued at approximately $202,000. Parsec Financial Management Inc. bought a new stake in shares of M.D.C. Holdings during the second quarter valued at approximately $208,000. Finally, Capital Fund Management S.A. bought a new stake in shares of M.D.C. Holdings during the second quarter valued at approximately $223,000. Hedge funds and other institutional investors own 81.62% of the company’s stock.

In other M.D.C. Holdings news, Director David E. Blackford sold 26,250 shares of M.D.C. Holdings stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $36.11, for a total value of $947,887.50. Following the completion of the sale, the director now owns 40,928 shares of the company’s stock, valued at approximately $1,477,910.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 25.30% of the stock is currently owned by company insiders.

Several research firms have recently commented on MDC. Zacks Investment Research upgraded M.D.C. Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of M.D.C. Holdings in a report on Tuesday, September 26th. BidaskClub downgraded M.D.C. Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Wells Fargo & Company upgraded M.D.C. Holdings from an “underperform” rating to a “market perform” rating and set a $30.00 price target for the company in a report on Wednesday, August 30th. They noted that the move was a valuation call. Finally, Bank of America Corporation reiterated an “underperform” rating and set a $27.00 price target (up previously from $24.00) on shares of M.D.C. Holdings in a report on Wednesday, June 28th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $29.00.

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Shares of M.D.C. Holdings, Inc. (MDC) traded down 0.239% on Tuesday, reaching $35.515. The company’s stock had a trading volume of 34,195 shares. The stock has a 50-day moving average of $32.57 and a 200 day moving average of $33.21. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 15.049 and a beta of 1.33. M.D.C. Holdings, Inc. has a 52-week low of $22.31 and a 52-week high of $36.92.

M.D.C. Holdings (NYSE:MDC) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The business had revenue of $648.97 million during the quarter, compared to analyst estimates of $623.95 million. M.D.C. Holdings had a return on equity of 9.25% and a net margin of 4.76%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. On average, equities research analysts forecast that M.D.C. Holdings, Inc. will post $2.67 earnings per share for the current year.

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)

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