International Assets Investment Management LLC Acquires 21,138 Shares of M.D.C. Holdings, Inc. (NYSE:MDC)

International Assets Investment Management LLC grew its holdings in shares of M.D.C. Holdings, Inc. (NYSE:MDC) by 11,184.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,327 shares of the construction company’s stock after buying an additional 21,138 shares during the period. International Assets Investment Management LLC’s holdings in M.D.C. were worth $1,178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. grew its holdings in shares of M.D.C. by 100.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 640 shares of the construction company’s stock worth $26,000 after acquiring an additional 320 shares during the period. CWM LLC grew its stake in M.D.C. by 31.7% in the third quarter. CWM LLC now owns 1,447 shares of the construction company’s stock worth $60,000 after purchasing an additional 348 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in M.D.C. by 20.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,331 shares of the construction company’s stock worth $96,000 after purchasing an additional 395 shares in the last quarter. TD Asset Management Inc lifted its position in M.D.C. by 1.6% during the third quarter. TD Asset Management Inc now owns 25,134 shares of the construction company’s stock valued at $1,036,000 after buying an additional 400 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of M.D.C. by 64.1% during the 4th quarter. Blue Trust Inc. now owns 1,050 shares of the construction company’s stock valued at $58,000 after buying an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Evercore ISI lowered shares of M.D.C. from an “outperform” rating to an “in-line” rating and increased their price target for the stock from $57.00 to $63.00 in a research note on Wednesday, January 31st. StockNews.com assumed coverage on shares of M.D.C. in a research note on Friday. They set a “hold” rating for the company. Finally, Raymond James reissued a “market perform” rating on shares of M.D.C. in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $52.13.

Insiders Place Their Bets

In related news, Director David E. Blackford sold 6,200 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $62.69, for a total transaction of $388,678.00. Following the sale, the director now directly owns 13,534 shares of the company’s stock, valued at $848,446.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.30% of the company’s stock.

M.D.C. Stock Performance

Shares of MDC stock opened at $62.98 on Tuesday. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 11.93 and a beta of 1.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.92 and a current ratio of 9.76. M.D.C. Holdings, Inc. has a one year low of $36.47 and a one year high of $63.00. The company’s 50-day moving average is $62.73 and its 200 day moving average is $54.18.

M.D.C. (NYSE:MDC) last posted its quarterly earnings results on Tuesday, January 30th. The construction company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. M.D.C. had a net margin of 8.64% and a return on equity of 12.32%. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. Sell-side analysts expect that M.D.C. Holdings, Inc. will post 5.7 EPS for the current fiscal year.

M.D.C. Profile

M.DC Holdings, Inc, through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name.