First Allied Advisory Services Inc. boosted its stake in M.D.C. Holdings, Inc. (NYSE:MDC) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,960 shares of the construction company’s stock after acquiring an additional 60 shares during the quarter. First Allied Advisory Services Inc.’s holdings in M.D.C. Holdings were worth $320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MDC. Bayesian Capital Management LP acquired a new position in shares of M.D.C. Holdings in the 2nd quarter valued at approximately $384,000. Zacks Investment Management raised its position in shares of M.D.C. Holdings by 23.1% in the 2nd quarter. Zacks Investment Management now owns 31,756 shares of the construction company’s stock valued at $1,122,000 after purchasing an additional 5,953 shares in the last quarter. Voya Investment Management LLC raised its position in shares of M.D.C. Holdings by 376.3% in the 2nd quarter. Voya Investment Management LLC now owns 72,501 shares of the construction company’s stock valued at $2,561,000 after purchasing an additional 57,278 shares in the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of M.D.C. Holdings in the 2nd quarter valued at approximately $803,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of M.D.C. Holdings by 19.9% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 15,035 shares of the construction company’s stock valued at $531,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 81.62% of the company’s stock.

In related news, Director David E. Blackford sold 26,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $36.11, for a total transaction of $947,887.50. Following the completion of the transaction, the director now owns 40,928 shares in the company, valued at approximately $1,477,910.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 25.30% of the stock is owned by company insiders.

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A number of equities analysts have issued reports on MDC shares. Bank of America Corporation reaffirmed an “underperform” rating and issued a $27.00 target price (up from $24.00) on shares of M.D.C. Holdings in a research report on Wednesday, June 28th. BidaskClub raised M.D.C. Holdings from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. Zacks Investment Research lowered M.D.C. Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Deutsche Bank AG upped their target price on M.D.C. Holdings from $27.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of M.D.C. Holdings in a research report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.00.

Shares of M.D.C. Holdings, Inc. (MDC) opened at 34.81 on Monday. The company’s 50 day moving average price is $31.96 and its 200 day moving average price is $32.95. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 14.75 and a beta of 1.33. M.D.C. Holdings, Inc. has a 52-week low of $21.25 and a 52-week high of $36.92.

M.D.C. Holdings (NYSE:MDC) last announced its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The company had revenue of $648.97 million for the quarter, compared to analyst estimates of $623.95 million. M.D.C. Holdings had a return on equity of 9.25% and a net margin of 4.76%. M.D.C. Holdings’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. Analysts forecast that M.D.C. Holdings, Inc. will post $2.61 earnings per share for the current year.

About M.D.C. Holdings

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.

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

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