Polar Capital LLP reduced its stake in shares of M.D.C. Holdings, Inc. (NYSE:MDC) by 30.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 663,011 shares of the construction company’s stock after selling 284,996 shares during the period. Polar Capital LLP’s holdings in M.D.C. were worth $18,637,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of M.D.C. by 0.7% in the third quarter. BlackRock Inc. now owns 7,983,118 shares of the construction company’s stock valued at $236,141,000 after purchasing an additional 56,428 shares during the last quarter. CVentures Inc. acquired a new stake in shares of M.D.C. in the fourth quarter valued at approximately $206,427,000. Vanguard Group Inc. raised its holdings in shares of M.D.C. by 1.1% in the third quarter. Vanguard Group Inc. now owns 5,408,996 shares of the construction company’s stock valued at $159,998,000 after purchasing an additional 57,224 shares during the last quarter. Vanguard Group Inc grew its stake in shares of M.D.C. by 1.1% in the third quarter. Vanguard Group Inc now owns 5,408,996 shares of the construction company’s stock valued at $159,998,000 after buying an additional 57,224 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of M.D.C. by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,761,297 shares of the construction company’s stock valued at $133,841,000 after buying an additional 14,715 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

NYSE:MDC opened at $28.47 on Friday. M.D.C. Holdings, Inc. has a 1-year low of $25.14 and a 1-year high of $33.47. The company has a debt-to-equity ratio of 0.70, a current ratio of 9.15 and a quick ratio of 2.49. The firm has a market capitalization of $1.75 billion, a P/E ratio of 7.76, a PEG ratio of 1.08 and a beta of 1.34.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 27th. Investors of record on Wednesday, February 13th were paid a $0.30 dividend. The ex-dividend date was Tuesday, February 12th. This represents a $1.20 annualized dividend and a dividend yield of 4.21%. M.D.C.’s dividend payout ratio is presently 30.25%.

In other M.D.C. news, COO David D. Mandarich sold 55,000 shares of M.D.C. stock in a transaction on Monday, February 25th. The shares were 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 the SEC website. Also, Director David Siegel sold 2,900 shares of M.D.C. stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $28.18, for a total transaction of $81,722.00. The disclosure for this sale can be found here. Insiders sold 194,089 shares of company stock valued at $5,611,678 over the last three months. 26.30% of the stock is owned by company insiders.

MDC has been the subject of several analyst reports. ValuEngine raised shares of M.D.C. from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research cut shares of M.D.C. from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.86.

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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.

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

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