International Assets Investment Management LLC Has $1.18 Million Stock Holdings in M.D.C. Holdings, Inc. (NYSE:MDC)

International Assets Investment Management LLC boosted its holdings in shares of M.D.C. Holdings, Inc. (NYSE:MDC - Free Report) by 11,184.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,327 shares of the construction company's stock after acquiring an additional 21,138 shares during the period. International Assets Investment Management LLC's holdings in M.D.C. were worth $1,178,000 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. Sound Income Strategies LLC acquired a new position in M.D.C. during the fourth quarter worth about $25,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of M.D.C. during the fourth quarter worth about $25,000. Ronald Blue Trust Inc. grew its holdings in shares of M.D.C. by 100.0% during the third quarter. Ronald Blue Trust Inc. now owns 640 shares of the construction company's stock worth $26,000 after buying an additional 320 shares in the last quarter. Clear Street Markets LLC purchased a new stake in shares of M.D.C. during the third quarter worth about $29,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of M.D.C. during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 88.08% of the company's stock.

M.D.C. Price Performance

M.D.C. stock remained flat at $62.98 during trading on Tuesday. M.D.C. Holdings, Inc. has a 52 week low of $36.47 and a 52 week high of $63.00. The business's 50 day moving average price is $62.75 and its 200 day moving average price is $54.35. The firm has a market cap of $4.73 billion, a PE ratio of 11.93 and a beta of 1.54. 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. (NYSE:MDC - Get Free Report) last released its earnings results on Tuesday, January 30th. The construction company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.06. M.D.C. had a net margin of 8.64% and a return on equity of 12.32%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. M.D.C.'s revenue was down 11.9% compared to the same quarter last year. As a group, sell-side analysts forecast that M.D.C. Holdings, Inc. will post 5.7 earnings per share for the current year.

Insiders Place Their Bets

In other M.D.C. news, Director David E. Blackford sold 6,200 shares of the business's stock in a transaction that occurred 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 legal filing with the SEC, which is available through this link. 23.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on MDC. Raymond James reiterated a "market perform" rating on shares of M.D.C. in a report on Wednesday, February 7th. Evercore ISI downgraded shares of M.D.C. from an "outperform" rating to an "in-line" rating and lifted their price target for the stock from $57.00 to $63.00 in a report on Wednesday, January 31st. Finally, StockNews.com initiated coverage on shares of M.D.C. in a report on Friday. They issued a "hold" rating for the company. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat.com, M.D.C. presently has an average rating of "Hold" and a consensus price target of $52.13.

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.