Bayesian Capital Management LP acquired a new position in M.D.C. Holdings, Inc. (NYSE:MDC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,860 shares of the construction company’s stock, valued at approximately $384,000.

A number of other large investors have also added to or reduced their stakes in MDC. Great West Life Assurance Co. Can raised its position in M.D.C. Holdings by 8.9% in the first quarter. Great West Life Assurance Co. Can now owns 58,350 shares of the construction company’s stock worth $1,752,000 after acquiring an additional 4,781 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in M.D.C. Holdings by 18.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 37,039 shares of the construction company’s stock worth $1,113,000 after acquiring an additional 5,783 shares in the last quarter. Bank of New York Mellon Corp raised its position in M.D.C. Holdings by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 1,018,777 shares of the construction company’s stock worth $30,614,000 after acquiring an additional 48,769 shares in the last quarter. Swiss National Bank raised its position in M.D.C. Holdings by 3.0% in the first quarter. Swiss National Bank now owns 67,835 shares of the construction company’s stock worth $2,038,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in M.D.C. Holdings in the first quarter worth $680,000. Hedge funds and other institutional investors own 81.62% of the company’s stock.

Several research analysts have issued reports on MDC shares. Zacks Investment Research cut M.D.C. Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Deutsche Bank AG increased their price objective on M.D.C. Holdings from $27.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. KeyCorp reiterated a “hold” rating on shares of M.D.C. Holdings in a research report on Friday, August 25th. BidaskClub cut M.D.C. Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, Bank of America Corporation reiterated an “underperform” rating and issued a $27.00 price objective (up previously from $24.00) on shares of M.D.C. Holdings in a research report on Wednesday, June 28th. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. M.D.C. Holdings presently has a consensus rating of “Hold” and a consensus target price of $31.20.

In other news, Director David E. Blackford sold 26,250 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $36.11, for a total value of $947,887.50. Following the sale, the director now owns 40,928 shares of the company’s stock, valued at approximately $1,477,910.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 25.30% of the stock is currently owned by insiders.

M.D.C. Holdings, Inc. (NYSE:MDC) opened at 33.21 on Friday. The stock has a 50 day moving average price of $32.18 and a 200-day moving average price of $32.71. M.D.C. Holdings, Inc. has a 12 month low of $22.31 and a 12 month high of $36.92. The stock has a market cap of $1.72 billion, a PE ratio of 14.07 and a beta of 1.35.

M.D.C. Holdings (NYSE:MDC) last posted its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. M.D.C. Holdings had a return on equity of 9.25% and a net margin of 4.76%. The company had revenue of $648.97 million for the quarter, compared to the consensus estimate of $623.95 million. During the same quarter in the previous year, the business earned $0.55 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, analysts expect that M.D.C. Holdings, Inc. will post $2.43 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Bayesian Capital Management LP Acquires New Stake in M.D.C. Holdings, Inc. (MDC)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/bayesian-capital-management-lp-acquires-new-stake-in-m-d-c-holdings-inc-mdc/1601148.html.

M.D.C. Holdings 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. Holdings (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 Analyst Ratings Network's FREE daily email newsletter.