Linden Thomas Advisory Services LLC Sells 375 Shares of M.D.C. Holdings, Inc. (NYSE:MDC)

Linden Thomas Advisory Services LLC cut its holdings in shares of M.D.C. Holdings, Inc. (NYSE:MDC) by 1.1% during the 4th quarter, Holdings Channel reports. The firm owned 32,383 shares of the construction company’s stock after selling 375 shares during the period. Linden Thomas Advisory Services LLC’s holdings in M.D.C. were worth $1,789,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC bought a new position in M.D.C. in the 4th quarter valued at about $25,000. McGlone Suttner Wealth Management Inc. bought a new position in M.D.C. in the fourth quarter valued at approximately $25,000. Ronald Blue Trust Inc. raised its position 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 valued at $26,000 after purchasing an additional 320 shares in the last quarter. Clear Street Markets LLC bought a new stake in M.D.C. during the third quarter worth $29,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of M.D.C. in the 4th quarter valued at $40,000. 88.08% of the stock is currently owned by institutional investors.

M.D.C. Price Performance

Shares of NYSE:MDC remained flat at $62.98 during mid-day trading on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 9.76 and a quick ratio of 3.92. M.D.C. Holdings, Inc. has a fifty-two week low of $36.47 and a fifty-two week high of $63.00. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 11.93 and a beta of 1.54. The firm’s 50-day simple moving average is $62.75 and its two-hundred day simple moving average is $54.35.

M.D.C. (NYSE:MDC) last issued its quarterly earnings data on Tuesday, January 30th. The construction company reported $1.56 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $1.08 earnings per share. The firm’s revenue was down 11.9% compared to the same quarter last year. As a group, equities research analysts forecast that M.D.C. Holdings, Inc. will post 5.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MDC. StockNews.com began coverage on M.D.C. in a report on Friday, April 19th. They set a “hold” rating for the company. Raymond James reiterated a “market perform” rating on shares of M.D.C. in a research report on Wednesday, February 7th. Finally, Evercore ISI cut shares of M.D.C. from an “outperform” rating to an “in-line” rating and increased their target price for the stock from $57.00 to $63.00 in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $52.13.

Insider Transactions at M.D.C.

In other news, Director David E. Blackford sold 6,200 shares of the stock in a transaction on Monday, March 11th. The shares were 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 directly owns 13,534 shares in the company, valued at $848,446.46. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 23.30% of the company’s stock.

M.D.C. 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.