Maryland State Retirement & Pension System Has $1.20 Million Stock Position in M.D.C. Holdings, Inc. (NYSE:MDC)

Maryland State Retirement & Pension System lessened its stake in M.D.C. Holdings, Inc. (NYSE:MDC) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,708 shares of the construction company’s stock after selling 258 shares during the quarter. Maryland State Retirement & Pension System’s holdings in M.D.C. were worth $1,199,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sound Income Strategies LLC bought a new position in shares of M.D.C. during the 4th quarter worth approximately $25,000. McGlone Suttner Wealth Management Inc. bought a new position in M.D.C. in the fourth quarter valued at $25,000. Clear Street Markets LLC acquired a new stake in M.D.C. in the 3rd quarter valued at $29,000. GAMMA Investing LLC bought a new stake in M.D.C. during the 4th quarter worth about $34,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of M.D.C. during the 4th quarter worth about $40,000. 88.08% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other M.D.C. news, Director David E. Blackford sold 6,200 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 23.30% of the company’s stock.

M.D.C. Stock Performance

Shares of NYSE MDC opened at $62.98 on Thursday. The company has a current ratio of 9.76, a quick ratio of 3.92 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $4.73 billion, a P/E ratio of 11.93 and a beta of 1.54. M.D.C. Holdings, Inc. has a 12 month low of $36.47 and a 12 month high of $63.00. The stock has a 50 day moving average of $62.87 and a 200-day moving average of $56.10.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Raymond James reaffirmed a “market perform” rating on shares of M.D.C. in a research report on Wednesday, February 7th. StockNews.com initiated coverage on M.D.C. in a report on Sunday. They issued a “hold” rating for the company. Finally, Evercore ISI lowered shares of M.D.C. from an “outperform” rating to an “in-line” rating and upped their price target for the stock from $57.00 to $63.00 in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $52.13.

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.