FrontFour Capital Group LLC lowered its stake in MDC Partners Inc. (NASDAQ:MDCA) by 7.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 815,540 shares of the business services provider’s stock after selling 61,561 shares during the period. MDC Partners accounts for approximately 1.6% of FrontFour Capital Group LLC’s holdings, making the stock its 14th biggest holding. FrontFour Capital Group LLC owned 1.40% of MDC Partners worth $8,971,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDCA. California Public Employees Retirement System acquired a new position in shares of MDC Partners in the 1st quarter valued at about $307,000. Legal & General Group Plc boosted its holdings in shares of MDC Partners by 0.9% in the 1st quarter. Legal & General Group Plc now owns 14,767 shares of the business services provider’s stock valued at $139,000 after buying an additional 127 shares during the period. Vanguard Group Inc. boosted its holdings in shares of MDC Partners by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 1,397,114 shares of the business services provider’s stock valued at $13,133,000 after buying an additional 63,952 shares during the period. Geode Capital Management LLC boosted its holdings in shares of MDC Partners by 24.7% in the 1st quarter. Geode Capital Management LLC now owns 119,017 shares of the business services provider’s stock valued at $1,118,000 after buying an additional 23,545 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of MDC Partners by 345.5% in the 1st quarter. Renaissance Technologies LLC now owns 188,000 shares of the business services provider’s stock valued at $1,767,000 after buying an additional 145,800 shares during the period. 83.57% of the stock is owned by institutional investors.
MDC Partners Inc. (NASDAQ MDCA) opened at $11.05 on Wednesday. The company has a debt-to-equity ratio of -1.94, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $647.80, a PE ratio of 20.18, a price-to-earnings-growth ratio of 4.40 and a beta of 1.44. MDC Partners Inc. has a one year low of $6.10 and a one year high of $12.26.
MDC Partners (NASDAQ:MDCA) last posted its earnings results on Monday, October 30th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.12. The firm had revenue of $375.80 million during the quarter, compared to analyst estimates of $372.08 million. MDC Partners had a net margin of 1.79% and a negative return on equity of 7.92%. MDC Partners’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.62) EPS. equities research analysts predict that MDC Partners Inc. will post 0.42 earnings per share for the current fiscal year.
Several research analysts have recently commented on MDCA shares. Wells Fargo & Company reaffirmed a “hold” rating and issued a $12.00 price target on shares of MDC Partners in a report on Tuesday, October 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $15.00 price target on shares of MDC Partners in a report on Wednesday, October 18th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $12.00 price target on shares of MDC Partners in a report on Wednesday, September 13th. Jefferies Group reaffirmed a “buy” rating on shares of MDC Partners in a report on Thursday, September 21st. Finally, BidaskClub lowered shares of MDC Partners from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. MDC Partners has an average rating of “Hold” and an average price target of $12.00.
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MDC Partners Company Profile
MDC Partners Inc is a provider of global marketing, advertising, activation, communications and strategic consulting solutions. The Company and its subsidiary agencies (Partner Firms) deliver a range of customized services. The Company’s segments include Reportable Segment, All Other and Corporate. The Reportable segment consists of the Company’s integrated advertising, media and public relations service companies.
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