FBN Securities Downgrades M.D.C. Holdings to Sector Perform

Brokerage firm FBN Securities Downgrades its rating on M.D.C. Holdings(MDC). The shares have been rated Sector Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the stock financial advisor at FBN Securities was issued on Mar 17, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 30, 2017, Evercore ISI Group said it Downgrades its rating on M.D.C. Holdings. The shares have been rated ‘Sell’ by the firm.

M.D.C. Holdings (MDC) shares turned negative on Wednesdays trading session with the shares closing down -0.16 points or -0.54% at a volume of 4,77,493. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.56. The peak price level was also seen at $29.56 while the days lowest was $28.93. Finally the shares closed at $29.38. The 52-week high of the shares is $31.24 while the 52-week low is $20.514285. According to the latest information available, the market cap of the company is $1,516 M.

M.D.C. Holdings(MDC) last announced its earnings results on Feb 1, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $736.329M. Analysts had an estimated revenue of $672.400M. Earnings per share were $0.78. Analysts had estimated an EPS of $0.67.

Several Insider Transactions has been reported to the SEC. On Mar 14, 2017, Herbert T Buchwald (director) sold 4,400 shares at $29.72 per share price.Also, On Mar 9, 2017, Michael A Berman (director) sold 26,250 shares at $30.35 per share price.On Mar 2, 2017, David E Blackford (director) sold 2,200 shares at $30.04 per share price, according to the Form-4 filing with the securities and exchange commission.

M.D.C. Holdings Inc. (MDC) is engaged in two primary operations homebuilding and financial services. The Company’s homebuilding operations consist of wholly owned subsidiary companies that purchase finished lots or develop lots to the extent necessary for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. The Company’s homebuilding operations consist of various homebuilding divisions. Its financial services operations consist of HomeAmerican Mortgage Corporation (HomeAmerican); Allegiant Insurance Company Inc. (Allegiant); StarAmerican Insurance Ltd.; American Home Insurance Agency Inc. and American Home Title and Escrow Company which provides title agency services to its homebuilding subsidiaries and its customers in certain states.

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