Pinnacle Holdings Llc Increased Mdc Holdings (NYSE:MDC) Stake by $153.75 Million

February 22, 2018 - By Nellie Frank

Investors sentiment decreased to 1.24 in 2017 Q3. Its down 0.24, from 1.48 in 2017Q2. It worsened, 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. Moreover, Profund Advisors Ltd Liability Co has 0.01% invested in M.D.C. Holdings, Inc. (NYSE:MDC) for 7,146 shares. Mason Street Limited Liability has invested 0.01% in M.D.C. Holdings, Inc. (NYSE:MDC). Voya Investment Mngmt Ltd Llc invested in 0.01% or 80,571 shares. Covington Mgmt accumulated 57 shares or 0% of the stock. The Missouri-based Century has invested 0.01% in M.D.C. Holdings, Inc. (NYSE:MDC). Parametric Port Associates Ltd Llc holds 0.01% of its portfolio in M.D.C. Holdings, Inc. (NYSE:MDC) for 149,446 shares. Moreover, Piedmont Advisors Ltd has 0.01% invested in M.D.C. Holdings, Inc. (NYSE:MDC) for 9,041 shares. Grantham Mayo Van Otterloo Com Limited Liability owns 51,400 shares for 0.01% of their portfolio. Millennium Lc, a New York-based fund reported 345,060 shares. New York-based Blackrock has invested 0.01% in M.D.C. Holdings, Inc. (NYSE:MDC). Tower Rech Cap Lc (Trc) accumulated 7,190 shares. Gabelli Funds Limited Liability Company owns 126,000 shares. Fisher Asset Limited Liability Company holds 0.01% or 114,674 shares in its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Corporation has invested 0.01% in M.D.C. Holdings, Inc. (NYSE:MDC). California State Teachers Retirement has 66,625 shares for 0% of their portfolio.

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

Pinnacle Holdings Llc increased its stake in Mdc Holdings (NYSE:MDC) by 15.93% based on its latest 2017Q4 regulatory filing with the SEC. Pinnacle Holdings Llc bought 4,823 shares as the company’s stock rose 21.13% with the market. The hedge fund held 35,090 shares of the capital goods company at the end of 2017Q4, valued at $1.12 billion, up from 30,267 at the end of the previous reported quarter. Pinnacle Holdings Llc who had been investing in Mdc Holdings for a number of months, seems to be bullish on the $1.69B market cap company. The stock decreased 0.10% or $0.03 during the last trading session, reaching $30.1. About 941,170 shares traded or 43.31% up from the average. M.D.C. Holdings, Inc. (NYSE:MDC) has risen 65.26% since February 23, 2017 and is uptrending. It has outperformed by 48.56% the S&P500.

Pinnacle Holdings Llc, which manages about $720.48 million and $275.17B US Long portfolio, decreased its stake in Oneok (NYSE:OKE) by 1,454 shares to 81,930 shares, valued at $4.38B in 2017Q4, according to the filing. It also reduced its holding in Rice Midstream Partners () by 4,845 shares in the quarter, leaving it with 208,914 shares, and cut its stake in Transmontaigne Partners (NYSE:TLP).

Pinnacle Holdings Llc is a Oklahoma-based hedge fund with more than $720.48 million AUM in July, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Pinnacle Holdings latest Adv, the fund reported to have 13 full and part-time employees. Among which 7 performing investment advisory and research functions. The hedge fund had more than 500 clients.

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. As per Wednesday, May 10, the company rating was downgraded by Citigroup. The company was initiated on Tuesday, October 13 by Barclays Capital. The rating was downgraded by FBN Securities on Friday, March 17 to “Sector Perform”. The firm has “Market Perform” rating given on Thursday, September 29 by Wells Fargo. On Wednesday, January 3 the stock rating was upgraded by Evercore to “In-Line”. The company was upgraded on Tuesday, February 13 by Raymond James. The firm has “Hold” rating given on Tuesday, August 22 by KeyBanc Capital Markets. On Friday, February 2 the stock rating was maintained by Bank of America with “Underperform”. The rating was downgraded by Evercore on Monday, January 30 to “Sell”. Wells Fargo downgraded the stock to “Underperform” rating in Tuesday, May 16 report.

M.D.C. Holdings, Inc., through its subsidiaries, engages in homebuilding and financial service businesses in the United States. The company has market cap of $1.69 billion. The Company’s homebuilding activities 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. It has a 12.13 P/E ratio. The firm conducts its homebuilding activities in Arizona, California, Nevada, Washington, Colorado, Utah, Virginia, Florida, Maryland, Pennsylvania, and New Jersey.

More notable recent M.D.C. Holdings, Inc. (NYSE:MDC) news were published by: Prnewswire.com which released: “MDC Holdings, Inc. Homebuilder Opens New Community In The Rancho Sahuarita …” on February 19, 2018, also Prnewswire.com with their article: “MDC Holdings Increases Quarterly Cash Dividend By 20%” published on January 24, 2018, Prnewswire.com published: “MDC Holdings Announces 2017 Fourth Quarter And Full Year Results” on February 01, 2018. More interesting news about M.D.C. Holdings, Inc. (NYSE:MDC) were released by: Prnewswire.com and their article: “New Seasonsâ„¢ Communities Coming To Jacksonville” published on February 15, 2018 as well as Prnewswire.com‘s news article titled: “Richmond American Introduces New Seasonsâ„¢ Floor Plan In Peyton” with publication date: February 22, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.