Brown Advisory Inc. acquired a new stake in shares of MDC Partners Inc (NASDAQ:MDCA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 109,590 shares of the business services provider’s stock, valued at approximately $504,000. Brown Advisory Inc. owned approximately 0.18% of MDC Partners as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its holdings in shares of MDC Partners by 0.7% in the first quarter. Wells Fargo & Company MN now owns 2,088,646 shares of the business services provider’s stock valued at $15,038,000 after purchasing an additional 13,938 shares in the last quarter. Mackay Shields LLC acquired a new position in shares of MDC Partners in the first quarter valued at approximately $916,000. Schwab Charles Investment Management Inc. grew its holdings in shares of MDC Partners by 25.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 157,878 shares of the business services provider’s stock valued at $1,137,000 after purchasing an additional 32,190 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in shares of MDC Partners in the first quarter valued at approximately $615,000. Finally, BlackRock Inc. grew its holdings in shares of MDC Partners by 1.5% in the first quarter. BlackRock Inc. now owns 2,748,754 shares of the business services provider’s stock valued at $19,792,000 after purchasing an additional 39,972 shares in the last quarter. 86.13% of the stock is currently owned by institutional investors.
MDC Partners stock traded down $0.09 during trading on Friday, reaching $3.83. The stock had a trading volume of 408,606 shares, compared to its average volume of 435,716. MDC Partners Inc has a 52-week low of $3.74 and a 52-week high of $12.26. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of -4.11. The company has a market capitalization of $238.65 million, a P/E ratio of 6.28, a P/E/G ratio of 15.37 and a beta of 0.76.
MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). MDC Partners had a negative return on equity of 5.04% and a net margin of 14.33%. The firm had revenue of $379.74 million during the quarter, compared to analysts’ expectations of $379.40 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. As a group, research analysts anticipate that MDC Partners Inc will post 0.09 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on MDCA. Zacks Investment Research upgraded shares of MDC Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 12th. BidaskClub cut shares of MDC Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 22nd. Finally, ValuEngine upgraded shares of MDC Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $10.56.
MDC Partners Company Profile
MDC Partners Inc provides marketing, advertising, activation, communications, and strategic consulting solutions worldwide. It offers a range of customized services, including global advertising and marketing services; media buying, planning, and optimization; interactive and mobile marketing; direct marketing; database and customer relationship management; sales promotion; corporate communications; market research; data analytics and insights; corporate identity, design, and branding services; social media communications; product and service innovation; e-commerce management; and technology services.
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