MDC Partners (MDCA) Downgraded by ValuEngine to Hold

ValuEngine cut shares of MDC Partners (NASDAQ:MDCA) from a buy rating to a hold rating in a report released on Monday, February 4th.

Shares of MDCA opened at $3.39 on Monday. MDC Partners has a 12 month low of $2.20 and a 12 month high of $8.65. The company has a market capitalization of $192.67 million, a price-to-earnings ratio of 5.56 and a beta of 1.04.

Large investors have recently bought and sold shares of the business. Schroder Investment Management Group grew its stake in shares of MDC Partners by 17.0% in the second quarter. Schroder Investment Management Group now owns 3,066,688 shares of the business services provider’s stock valued at $14,260,000 after buying an additional 444,968 shares in the last quarter. BlackRock Inc. grew its stake in MDC Partners by 9.6% during the 2nd quarter. BlackRock Inc. now owns 3,013,332 shares of the business services provider’s stock worth $13,861,000 after purchasing an additional 264,578 shares in the last quarter. FrontFour Capital Group LLC grew its stake in MDC Partners by 32.0% during the 4th quarter. FrontFour Capital Group LLC now owns 3,008,629 shares of the business services provider’s stock worth $7,853,000 after purchasing an additional 728,897 shares in the last quarter. BlueMountain Capital Management LLC grew its stake in MDC Partners by 125.5% during the 3rd quarter. BlueMountain Capital Management LLC now owns 1,103,179 shares of the business services provider’s stock worth $4,578,000 after purchasing an additional 613,925 shares in the last quarter. Finally, Northern Trust Corp grew its stake in MDC Partners by 6.9% during the 2nd quarter. Northern Trust Corp now owns 564,326 shares of the business services provider’s stock worth $2,596,000 after purchasing an additional 36,555 shares in the last quarter. Institutional investors own 80.44% of the company’s stock.

MDC Partners Company Profile

MDC Partners, Inc engages in the provision of marketing, advertising, activation, communications and strategic consulting solutions. It operates through the following business segments: Global Integrated Agencies, Domestic Creative Agencies, Specialist Communications, Media Services, All Other, and Corporate.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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