Cipher Capital LP Invests $591,000 in M.D.C. Holdings, Inc. (MDC) Stock

Cipher Capital LP acquired a new stake in shares of M.D.C. Holdings, Inc. (NYSE:MDC) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 17,800 shares of the construction company’s stock, valued at approximately $591,000.

A number of other institutional investors have also recently bought and sold shares of the business. Macquarie Group Ltd. bought a new stake in shares of M.D.C. in the 3rd quarter worth approximately $322,000. HAP Trading LLC raised its holdings in M.D.C. by 46.4% in the 3rd quarter. HAP Trading LLC now owns 21,200 shares of the construction company’s stock worth $704,000 after acquiring an additional 6,722 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in M.D.C. by 7.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 272,072 shares of the construction company’s stock worth $9,036,000 after acquiring an additional 18,097 shares during the last quarter. SG Americas Securities LLC purchased a new position in M.D.C. in the 3rd quarter worth approximately $903,000. Finally, Quantbot Technologies LP purchased a new position in M.D.C. in the 3rd quarter worth approximately $810,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of M.D.C. Holdings, Inc. (MDC) traded down $1.16 during trading on Wednesday, reaching $31.75. 593,600 shares of the company traded hands, compared to its average volume of 517,418. M.D.C. Holdings, Inc. has a one year low of $25.55 and a one year high of $37.45. The company has a market cap of $1,846.20, a P/E ratio of 11.81, a P/E/G ratio of 1.08 and a beta of 1.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 9.45 and a quick ratio of 2.60.

M.D.C. (NYSE:MDC) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.61 by $0.55. M.D.C. had a net margin of 6.09% and a return on equity of 11.66%. The business had revenue of $586.30 million during the quarter, compared to the consensus estimate of $595.05 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 1.4% on a year-over-year basis. analysts anticipate that M.D.C. Holdings, Inc. will post 2.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, November 7th. M.D.C.’s payout ratio is 33.37%.

A number of equities analysts recently weighed in on MDC shares. BidaskClub lowered shares of M.D.C. from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. KeyCorp reiterated a “hold” rating on shares of M.D.C. in a research note on Friday, August 25th. Zacks Investment Research lowered shares of M.D.C. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. Wells Fargo & Company upgraded shares of M.D.C. from an “underperform” rating to a “market perform” rating and set a $30.00 target price for the company in a research note on Wednesday, August 30th. They noted that the move was a valuation call. Finally, UBS assumed coverage on M.D.C. in a research note on Wednesday, October 25th. They issued a “sell” rating and a $34.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $30.33.

WARNING: This news story was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/12/06/17800-shares-in-m-d-c-holdings-inc-mdc-purchased-by-cipher-capital-lp.html.

M.D.C. Company Profile

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. (NYSE:MDC)

Receive News & Ratings for M.D.C. Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M.D.C. Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply