M.D.C. Holdings, Inc. (NYSE:MDC) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its position in shares of M.D.C. Holdings, Inc. (NYSE:MDC) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,839 shares of the construction company’s stock after selling 209 shares during the quarter. Mackenzie Financial Corp’s holdings in M.D.C. were worth $654,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in M.D.C. during the fourth quarter worth $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in M.D.C. during the fourth quarter worth $25,000. Ronald Blue Trust Inc. raised its holdings in M.D.C. by 100.0% during the third quarter. Ronald Blue Trust Inc. now owns 640 shares of the construction company’s stock worth $26,000 after purchasing an additional 320 shares during the last quarter. Clear Street Markets LLC acquired a new position in M.D.C. during the third quarter worth $29,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in M.D.C. during the fourth quarter worth $40,000. 88.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at M.D.C.

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

M.D.C. Price Performance

Shares of NYSE:MDC opened at $62.98 on Friday. The company has a market cap of $4.73 billion, a P/E ratio of 11.93 and a beta of 1.54. The company has a quick ratio of 3.92, a current ratio of 9.76 and a debt-to-equity ratio of 0.50. M.D.C. Holdings, Inc. has a 52 week low of $36.47 and a 52 week high of $63.00. The business has a fifty day simple moving average of $62.78 and a 200-day simple moving average of $54.47.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MDC shares. Evercore ISI cut M.D.C. from an “outperform” rating to an “in-line” rating and lifted their price objective for the stock from $57.00 to $63.00 in a report on Wednesday, January 31st. Raymond James reissued a “market perform” rating on shares of M.D.C. in a research report on Wednesday, February 7th. Finally, StockNews.com began coverage on M.D.C. in a research report on Friday, April 19th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.13.

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.