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.
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.
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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.
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