M D C Hldgs (MDC) Shares Declined While Heartland Advisors Lifted by $457,033 Its Stake; Vulcan Value Partners Has Trimmed Its Credit Accep Mich (CACC) Position by $9.48 Million; Market Value Rose

April 18, 2018 - By Peter Erickson

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

Heartland Advisors Inc increased its stake in M D C Hldgs Inc (MDC) by 8% based on its latest 2017Q4 regulatory filing with the SEC. Heartland Advisors Inc bought 14,743 shares as the company’s stock declined 11.79% with the market. The institutional investor held 199,035 shares of the capital goods company at the end of 2017Q4, valued at $6.35 million, up from 184,292 at the end of the previous reported quarter. Heartland Advisors Inc who had been investing in M D C Hldgs Inc for a number of months, seems to be bullish on the $1.66 billion market cap company. The stock increased 0.99% or $0.29 during the last trading session, reaching $29.46. About 337,497 shares traded. M.D.C. Holdings, Inc. (NYSE:MDC) has risen 1.65% since April 18, 2017 and is uptrending. It has underperformed by 9.90% the S&P500.

Vulcan Value Partners Llc decreased its stake in Credit Accep Corp Mich (CACC) by 14.88% based on its latest 2017Q4 regulatory filing with the SEC. Vulcan Value Partners Llc sold 29,351 shares as the company’s stock rose 1.15% while stock markets declined. The institutional investor held 167,963 shares of the consumer services company at the end of 2017Q4, valued at $54.33M, down from 197,314 at the end of the previous reported quarter. Vulcan Value Partners Llc who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $6.25 billion market cap company. The stock increased 1.84% or $5.83 during the last trading session, reaching $322.13. About 191,171 shares traded or 30.89% up from the average. Credit Acceptance Corporation (NASDAQ:CACC) has risen 74.80% since April 18, 2017 and is uptrending. It has outperformed by 63.25% the S&P500.

Investors sentiment increased to 3.37 in 2017 Q4. Its up 2.13, from 1.24 in 2017Q3. It increased, as 13 investors sold MDC shares while 36 reduced holdings. 44 funds opened positions while 121 raised stakes. 102.61 million shares or 150.87% more from 40.90 million shares in 2017Q3 were reported. Franklin Resources accumulated 0% or 158,787 shares. 328,247 were accumulated by Schwab Charles Inv Management. Inv Counselors Of Maryland Ltd Company has invested 0.84% in M.D.C. Holdings, Inc. (NYSE:MDC). Royal State Bank Of Canada holds 17,718 shares. Metropolitan Life Insurance New York owns 14,320 shares. Wolverine Asset Mgmt Limited Liability Company stated it has 622 shares or 0% of all its holdings. Convergence Investment Prtn Ltd Liability holds 39,992 shares. Fny Managed Accounts Ltd holds 0.01% in M.D.C. Holdings, Inc. (NYSE:MDC) or 261 shares. Jpmorgan Chase & reported 515,302 shares or 0% of all its holdings. Winslow Evans Crocker Incorporated holds 0.02% or 2,312 shares. Kemnay Advisory Inc invested in 0.57% or 39,814 shares. Oppenheimer invested in 36,675 shares. Bessemer Grp reported 72 shares. Pitcairn reported 9,803 shares. Louisiana State Employees Retirement Sys reported 0.03% in M.D.C. Holdings, Inc. (NYSE:MDC).

Heartland Advisors Inc, which manages about $6.06 billion and $1.55B US Long portfolio, decreased its stake in American Homes 4 Rent (NYSE:AMH) by 248,770 shares to 420,800 shares, valued at $9.19M in 2017Q4, according to the filing. It also reduced its holding in Entergy Corp New (NYSE:ETR) by 19,180 shares in the quarter, leaving it with 129,806 shares, and cut its stake in Pixelworks Inc (NASDAQ:PXLW).

Among 11 analysts covering MDC Holdings (NYSE:MDC), 2 have Buy rating, 1 Sell and 8 Hold. Therefore 18% are positive. MDC Holdings had 30 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of M.D.C. Holdings, Inc. (NYSE:MDC) earned “Neutral” rating by Citigroup on Friday, November 3. On Friday, February 2 the stock rating was maintained by Bank of America with “Underperform”. Barclays Capital downgraded the stock to “Equal Weight” rating in Wednesday, January 20 report. The rating was maintained by KeyBanc Capital Markets on Tuesday, October 31 with “Hold”. The rating was upgraded by UBS to “Buy” on Tuesday, March 13. The rating was initiated by Wells Fargo with “Market Perform” on Thursday, September 29. On Friday, March 17 the stock rating was downgraded by FBN Securities to “Sector Perform”. The stock has “Buy” rating by Deutsche Bank on Monday, May 16. The firm earned “Underperform” rating on Tuesday, May 16 by Wells Fargo. The firm earned “Outperform” rating on Tuesday, February 13 by Raymond James.

Since December 15, 2017, it had 0 insider purchases, and 3 insider sales for $1.10 million activity. The insider BLACKFORD DAVID E sold 2,500 shares worth $70,450.

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.01, from 1.03 in 2017Q3. It improved, as 18 investors sold CACC shares while 60 reduced holdings. 35 funds opened positions while 46 raised stakes. 12.84 million shares or 2.21% less from 13.13 million shares in 2017Q3 were reported. Deutsche Natl Bank Ag accumulated 2,024 shares or 0% of the stock. Jpmorgan Chase And owns 13,272 shares. Qs Invsts Ltd Llc invested in 2 shares. Ameriprise Fincl reported 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Hanseatic Mgmt Inc reported 112 shares stake. Earnest Prtn Ltd Limited Liability Company has 0% invested in Credit Acceptance Corporation (NASDAQ:CACC). Pacad Investment Ltd invested 0.03% in Credit Acceptance Corporation (NASDAQ:CACC). Alps Advisors has 1,754 shares. Dixon Hubard Feinour & Brown Incorporated Va, Virginia-based fund reported 21,087 shares. M&T Bank has 0% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 1,853 shares. State Of Alaska Department Of Revenue holds 1,000 shares. Metropolitan Life Insurance Co holds 787 shares. Laurion Limited Partnership has 1,000 shares. Vulcan Value Prtnrs Ltd owns 0.45% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 167,963 shares. Panagora Asset Mgmt reported 1,055 shares.

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on May, 7. They expect $6.11 earnings per share, up 30.84% or $1.44 from last year’s $4.67 per share. CACC’s profit will be $118.58M for 13.18 P/E if the $6.11 EPS becomes a reality. After $5.16 actual earnings per share reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 18.41% EPS growth.

Among 12 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 1 have Buy rating, 6 Sell and 5 Hold. Therefore 8% are positive. Credit Acceptance Corp had 30 analyst reports since July 31, 2015 according to SRatingsIntel. On Tuesday, October 31 the stock rating was maintained by Jefferies with “Hold”. The stock has “Underperform” rating by Bank of America on Tuesday, October 31. The stock has “Buy” rating by Oppenheimer on Monday, January 8. BMO Capital Markets maintained the stock with “Market Perform” rating in Tuesday, August 1 report. The company was upgraded on Wednesday, August 26 by JMP Securities. The firm earned “Hold” rating on Thursday, September 7 by Jefferies. The rating was maintained by Susquehanna with “Hold” on Tuesday, January 30. The company was downgraded on Wednesday, July 27 by Credit Suisse. Stephens maintained Credit Acceptance Corporation (NASDAQ:CACC) rating on Tuesday, January 2. Stephens has “Sell” rating and $257.0 target. The firm earned “Hold” rating on Wednesday, January 10 by Jefferies.

M.D.C. Holdings, Inc. (NYSE:MDC) Institutional Positions Chart

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By1 Peter Erickson

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