High Falls Advisors Inc Has $480,000 Holdings in M.D.C. Holdings, Inc. (MDC)

High Falls Advisors Inc boosted its stake in M.D.C. Holdings, Inc. (NYSE:MDC) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,577 shares of the construction company’s stock after buying an additional 515 shares during the period. High Falls Advisors Inc’s holdings in M.D.C. Holdings were worth $480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MDC. BlackRock Inc. increased its position in M.D.C. Holdings by 61,394.6% in 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 during the period. Vanguard Group Inc. increased its position in M.D.C. Holdings by 14.8% in the second quarter. Vanguard Group Inc. now owns 4,347,875 shares of the construction company’s stock worth $153,611,000 after buying an additional 561,481 shares during the period. State Street Corp increased its position in M.D.C. Holdings by 19.8% in the first quarter. State Street Corp now owns 1,494,833 shares of the construction company’s stock worth $44,919,000 after buying an additional 247,408 shares during the period. Federated Investors Inc. PA increased its position in M.D.C. Holdings by 80,713.5% in 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 during the period. Finally, FMR LLC increased its position in M.D.C. Holdings by 4.8% in the first quarter. FMR LLC now owns 5,358,020 shares of the construction company’s stock worth $161,008,000 after buying an additional 243,185 shares during the period. 81.62% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts have weighed in on MDC shares. BidaskClub lowered M.D.C. Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research lowered M.D.C. Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Bank of America Corporation reaffirmed an “underperform” rating and issued a $27.00 target price (up from $24.00) on shares of M.D.C. Holdings in a research report on Wednesday, June 28th. Wells Fargo & Company raised M.D.C. Holdings from an “underperform” rating to a “market perform” rating and set a $30.00 target price on the stock in a research report on Wednesday, August 30th. They noted that the move was a valuation call. Finally, KeyCorp reissued a “hold” rating on shares of M.D.C. Holdings in a research note on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.00.

In other news, Director David E. Blackford sold 26,250 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $36.11, for a total transaction of $947,887.50. Following the completion of the sale, the director now owns 40,928 shares in the company, valued at $1,477,910.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 25.30% of the company’s stock.

M.D.C. Holdings, Inc. (NYSE MDC) traded up 0.22% on Friday, hitting $36.01. The stock had a trading volume of 152,859 shares. M.D.C. Holdings, Inc. has a 1-year low of $22.31 and a 1-year high of $36.92. The firm has a market cap of $1.87 billion, a P/E ratio of 15.26 and a beta of 1.34. The firm’s 50-day moving average price is $32.38 and its 200-day moving average price is $33.12.

M.D.C. Holdings (NYSE:MDC) last released its earnings results on Tuesday, August 1st. The construction company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $648.97 million during the quarter, compared to the consensus estimate of $623.95 million. M.D.C. Holdings had a return on equity of 9.25% and a net margin of 4.76%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, equities research analysts predict 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.

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

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