M.D.C. Holdings, Inc. (MDC) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its position in M.D.C. Holdings, Inc. (NYSE:MDC) by 134.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 254,857 shares of the construction company’s stock after buying an additional 146,234 shares during the quarter. Deutsche Bank AG’s holdings in M.D.C. were worth $7,162,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of M.D.C. by 25.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,326 shares of the construction company’s stock valued at $93,000 after buying an additional 683 shares during the period. Bank of Montreal Can raised its holdings in shares of M.D.C. by 14.1% in the 4th quarter. Bank of Montreal Can now owns 4,908 shares of the construction company’s stock valued at $138,000 after buying an additional 605 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of M.D.C. in the 4th quarter valued at $173,000. Magnus Financial Group LLC purchased a new stake in shares of M.D.C. in the 4th quarter valued at $208,000. Finally, Stevens Capital Management LP purchased a new stake in shares of M.D.C. in the 4th quarter valued at $233,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Several equities research analysts recently issued reports on MDC shares. Zacks Investment Research upgraded M.D.C. from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Wednesday, April 10th. ValuEngine raised M.D.C. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $34.00.

In other news, COO David D. Mandarich sold 55,000 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $29.65, for a total transaction of $1,630,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Siegel sold 2,900 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $28.18, for a total value of $81,722.00. The disclosure for this sale can be found here. Insiders have sold a total of 194,089 shares of company stock valued at $5,611,678 over the last three months. 26.30% of the stock is currently owned by insiders.

MDC opened at $31.34 on Monday. M.D.C. Holdings, Inc. has a 12 month low of $25.14 and a 12 month high of $33.47. The firm has a market cap of $1.92 billion, a P/E ratio of 8.54, a P/E/G ratio of 1.18 and a beta of 1.33. The company has a quick ratio of 2.49, a current ratio of 9.15 and a debt-to-equity ratio of 0.70.

M.D.C. (NYSE:MDC) last released its earnings results on Thursday, January 31st. The construction company reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.19). M.D.C. had a return on equity of 14.50% and a net margin of 6.93%. The company had revenue of $858.49 million for the quarter, compared to analyst estimates of $839.29 million. As a group, research analysts forecast that M.D.C. Holdings, Inc. will post 3.25 EPS for the current fiscal year.

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M.D.C. Company 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.

Further Reading: Sell-Side Analysts

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Institutional Ownership by Quarter for M.D.C. (NYSE:MDC)

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