GAMMA Investing LLC Invests $34,000 in M.D.C. Holdings, Inc. (NYSE:MDC)

GAMMA Investing LLC bought a new position in M.D.C. Holdings, Inc. (NYSE:MDC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 611 shares of the construction company’s stock, valued at approximately $34,000.

Several other large investors have also made changes to their positions in MDC. Sound Income Strategies LLC purchased a new stake in shares of M.D.C. during the 4th quarter worth approximately $25,000. McGlone Suttner Wealth Management Inc. bought a new position in M.D.C. in the fourth quarter worth approximately $25,000. Clear Street Markets LLC bought a new position in M.D.C. in the third quarter worth about $29,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of M.D.C. during the 4th quarter valued at $40,000. Finally, Blue Trust Inc. raised its position in shares of M.D.C. by 64.1% in the 4th quarter. Blue Trust Inc. now owns 1,050 shares of the construction company’s stock valued at $58,000 after purchasing an additional 410 shares during the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MDC. Raymond James reissued a “market perform” rating on shares of M.D.C. in a report on Wednesday, February 7th. StockNews.com initiated coverage on M.D.C. in a report on Sunday. They issued a “hold” rating for the company. Finally, Evercore ISI downgraded shares of M.D.C. from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $57.00 to $63.00 in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.13.

Insider Activity at M.D.C.

In other news, Director David E. Blackford sold 6,200 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $62.69, for a total transaction of $388,678.00. Following the transaction, the director now owns 13,534 shares of the company’s stock, valued at approximately $848,446.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 23.30% of the company’s stock.

M.D.C. Stock Up 0.0 %

MDC stock opened at $62.98 on Monday. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 11.93 and a beta of 1.54. The firm has a 50-day moving average of $62.85 and a two-hundred day moving average of $55.69. M.D.C. Holdings, Inc. has a 12 month low of $36.47 and a 12 month high of $63.00. The company has a current ratio of 9.76, a quick ratio of 3.92 and a debt-to-equity ratio of 0.50.

About M.D.C.

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.