MDC Partners (MDCA) Sees Large Volume Increase

MDC Partners Inc (NASDAQ:MDCA) shares saw unusually-high trading volume on Thursday . Approximately 2,940,216 shares traded hands during trading, an increase of 493% from the previous session’s volume of 495,639 shares.The stock last traded at $3.28 and had previously closed at $2.50.

MDCA has been the topic of several recent research reports. Zacks Investment Research upgraded MDC Partners from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 12th. ValuEngine upgraded MDC Partners from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Finally, BidaskClub cut MDC Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.63.

MDC Partners (NASDAQ:MDCA) last released its quarterly earnings data on Monday, October 29th. The business services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). MDC Partners had a net margin of 12.00% and a negative return on equity of 0.82%. The business had revenue of $375.83 million during the quarter, compared to analyst estimates of $373.07 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s revenue was up .0% on a year-over-year basis.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDCA. Wells Fargo & Company MN lifted its holdings in MDC Partners by 46.2% in the second quarter. Wells Fargo & Company MN now owns 3,053,623 shares of the business services provider’s stock valued at $14,047,000 after acquiring an additional 964,977 shares during the last quarter. BlueMountain Capital Management LLC lifted its holdings in MDC Partners by 125.5% in the third quarter. BlueMountain Capital Management LLC now owns 1,103,179 shares of the business services provider’s stock valued at $4,578,000 after acquiring an additional 613,925 shares during the last quarter. Taylor Asset Management Inc. lifted its holdings in MDC Partners by 66.0% in the second quarter. Taylor Asset Management Inc. now owns 1,405,203 shares of the business services provider’s stock valued at $6,464,000 after acquiring an additional 558,638 shares during the last quarter. Schroder Investment Management Group lifted its holdings in 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 acquiring an additional 444,968 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in MDC Partners by 9.6% in the second quarter. BlackRock Inc. now owns 3,013,332 shares of the business services provider’s stock valued at $13,861,000 after acquiring an additional 264,578 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

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MDC Partners Company Profile (NASDAQ:MDCA)

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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