Checking in on M.D.C. Holdings Inc. (MDC) after recent insiders movement


M.D.C. Holdings Inc.’s recent filing unveils that its Director BLACKFORD DAVID E unloaded Company’s shares for reported $0.13 million on Sep 01. In the deal valued at $48.04 per share,2,771 shares were sold. As a result of this transaction, BLACKFORD DAVID E now holds 19,734 shares worth roughly $ 0.86 million.

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Then, REECE PARIS G III sold 15,000 shares, generating $763,200 in total proceeds. Upon selling the shares at $50.88, the Director now owns 0 shares.

Before that, Martin Robert Nathaniel sold 19,839 shares. M.D.C. Holdings Inc. shares valued at $990,760 were divested by the SVP and CFO at a price of $49.94 per share. As a result of the transaction, Martin Robert Nathaniel now holds 299,962 shares, worth roughly $13.04 million.

Raymond James upgraded its M.D.C. Holdings Inc. [MDC] rating to an Outperform from a a Mkt perform in a research note published on Monday. PT values the company’s stock at a premium of 20.98 to its Monday closing price.

Price Performance Review of MDC

On Monday, M.D.C. Holdings Inc. [NYSE:MDC] saw its stock jump 0.25% to $43.46. On the same session, the stock had its day’s lowest price of $42.82, but rose to a high of $43.61. Over the last five days, the stock has lost -5.36%. M.D.C. Holdings Inc. shares have risen nearly 37.53% since the year began. Nevertheless, the stocks have risen 53.03% over the past one year. While a 52-week high of $51.94 was reached on 08/07/23, a 52-week low of $27.04 was recorded on 01/03/23. SMA at 50 days reached $47.60, while 200 days put it at $40.69. A total of 0.52 million shares were traded, compared to the trading of 0.54 million shares in the previous session.

Levels Of Support And Resistance For MDC Stock

The 24-hour chart illustrates a support level at 42.98, which if violated will result in even more drops to 42.51. On the upside, there is a resistance level at 43.77. A further resistance level may holdings at 44.09. The Relative Strength Index (RSI) on the 14-day chart is 37.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.62%. Stochastics %K at 17.02% indicates the stock is a buying.

How much short interest is there in M.D.C. Holdings Inc.?

A steep rise in short interest was recorded in M.D.C. Holdings Inc. stocks on Aug 30, 2023, growing by 0.31 million shares to a total of 2.6 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 2.29 million shares. There was a rise of 11.92%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.30% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.08.

M.D.C. Holdings Inc. [MDC] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,232,196 shares, or roughly 12.38% of the outstanding MDC shares. In other words, the investor’s shares have fallen by -92,301 from its previous 13-F filing of 9324497.0. Additionally, The Vanguard Group, Inc. decreased -1.41% of its stake after which the total value it holdings stand at $320,535,948, while Dimensional Fund Advisors LP added 3.59% of its stake to hold $260.14 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 94,919 shares of M.D.C. Holdings Inc., while Capital Research & Management Co bought 0 shares. At present, Principal Global Investors LLC is holding 1,803,543 shares valued at $85.58 million. Hamlin Capital Management LLC owned 1,594,777 shares of the company at the time of its most recent 13F filing, worth $75.67 million.

According to FactSet, M.D.C. Holdings Inc.’s share price will average $54.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 23.41 percent from its previous closing price of $43.35. Analysts expect M.D.C. Holdings Inc. stock to reach the higher price of $60.00, while the lowest price estimate is $49.00. However, 7 analysts have rated MDC stock as a Hold in their predictions for 2023.


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