Hamlin Capital Management LLC Has Lowered M D C Hldgs INC (MDC) Stake as Valuation Rose

February 24, 2018 - By Darrin Black

Investors sentiment decreased to 1.24 in Q3 2017. Its down 0.24, from 1.48 in 2017Q2. It dropped, as 25 investors sold MDC shares while 60 reduced holdings. 39 funds opened positions while 66 raised stakes. 40.90 million shares or 2.78% less from 42.07 million shares in 2017Q2 were reported. Cipher Capital Ltd Partnership has invested 0.04% in M.D.C. Holdings, Inc. (NYSE:MDC). Comerica State Bank has 52,581 shares for 0.01% of their portfolio. World Investors accumulated 829,500 shares or 0.01% of the stock. Dearborn Partners stated it has 0.04% in M.D.C. Holdings, Inc. (NYSE:MDC). Peak6 Limited Partnership accumulated 4,291 shares or 0% of the stock. Sawgrass Asset Ltd Liability Company accumulated 7,895 shares. Parametrica Management Limited has 0.12% invested in M.D.C. Holdings, Inc. (NYSE:MDC) for 8,572 shares. Hamlin Mgmt Limited Liability Co stated it has 1.51% in M.D.C. Holdings, Inc. (NYSE:MDC). Parkside Bank & Trust Trust reported 0% of its portfolio in M.D.C. Holdings, Inc. (NYSE:MDC). Deutsche Financial Bank Ag owns 796,297 shares for 0.02% of their portfolio. Winslow Evans & Crocker, Massachusetts-based fund reported 2,144 shares. Pacad invested 0.03% in M.D.C. Holdings, Inc. (NYSE:MDC). California Pub Employees Retirement has invested 0.01% in M.D.C. Holdings, Inc. (NYSE:MDC). California State Teachers Retirement Systems holds 66,625 shares. Barclays Public Limited Company has invested 0% in M.D.C. Holdings, Inc. (NYSE:MDC).

Since December 15, 2017, it had 0 insider buys, and 1 insider sale for $893,592 activity.

Hamlin Capital Management Llc decreased its stake in M D C Hldgs Inc (MDC) by 22.42% based on its latest 2017Q3 regulatory filing with the SEC. Hamlin Capital Management Llc sold 324,154 shares as the company’s stock rose 21.13% with the market. The institutional investor held 1.12M shares of the capital goods company at the end of 2017Q3, valued at $37.25 million, down from 1.45 million at the end of the previous reported quarter. Hamlin Capital Management Llc who had been investing in M D C Hldgs Inc for a number of months, seems to be less bullish one the $1.64 billion market cap company. The stock decreased 3.16% or $0.95 during the last trading session, reaching $29.15. About 879,095 shares traded or 31.51% up from the average. M.D.C. Holdings, Inc. (NYSE:MDC) has risen 65.26% since February 24, 2017 and is uptrending. It has outperformed by 48.56% the S&P500.

Hamlin Capital Management Llc, which manages about $2.70B and $2.47 billion US Long portfolio, upped its stake in Kimco Rlty Corp (NYSE:KIM) by 1.21M shares to 4.33 million shares, valued at $84.66M in 2017Q3, according to the filing. It also increased its holding in At&T Inc (NYSE:T) by 421,156 shares in the quarter, for a total of 2.89M shares, and has risen its stake in American Eagle Outfitters Ne (NYSE:AEO).

Analysts await M.D.C. Holdings, Inc. (NYSE:MDC) to report earnings on May, 8. They expect $0.53 EPS, up 32.50 % or $0.13 from last year’s $0.4 per share. MDC’s profit will be $29.75M for 13.75 P/E if the $0.53 EPS becomes a reality. After $0.59 actual EPS reported by M.D.C. Holdings, Inc. for the previous quarter, Wall Street now forecasts -10.17 % negative EPS growth.

More important recent M.D.C. Holdings, Inc. (NYSE:MDC) news were published by: Prnewswire.com which released: “Richmond American Introduces New Seasonsâ„¢ Floor Plan In Peyton” on February 22, 2018, also Prnewswire.com published article titled: “MDC Holdings Announces 2017 Fourth Quarter And Full Year Results”, Prnewswire.com published: “New Seasonsâ„¢ Communities Coming To Jacksonville” on February 15, 2018. More interesting news about M.D.C. Holdings, Inc. (NYSE:MDC) was released by: Prnewswire.com and their article: “MDC Holdings, Inc. Homebuilder Opens New Community In The Rancho Sahuarita …” with publication date: February 19, 2018.

M.D.C. Holdings, Inc. (NYSE:MDC) Ratings Coverage

Among 10 analysts covering MDC Holdings (NYSE:MDC), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. MDC Holdings had 28 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup maintained M.D.C. Holdings, Inc. (NYSE:MDC) rating on Friday, November 3. Citigroup has “Neutral” rating and $34 target. The stock of M.D.C. Holdings, Inc. (NYSE:MDC) earned “Hold” rating by KeyBanc Capital Markets on Tuesday, October 31. Barclays Capital downgraded the stock to “Equal Weight” rating in Wednesday, January 20 report. The rating was downgraded by Wells Fargo on Tuesday, May 16 to “Underperform”. The stock has “Hold” rating by Deutsche Bank on Thursday, August 3. On Friday, August 7 the stock rating was maintained by Citigroup with “Buy”. Deutsche Bank maintained M.D.C. Holdings, Inc. (NYSE:MDC) rating on Monday, May 16. Deutsche Bank has “Buy” rating and $28 target. The firm has “Sell” rating by UBS given on Wednesday, January 17. On Wednesday, May 10 the stock rating was downgraded by Citigroup to “Neutral”. Bank of America maintained it with “Underperform” rating and $34 target in Friday, February 2 report.

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