MDC Partners (NASDAQ:MDCA) announced its earnings results on Friday. The business services provider reported ($1.48) EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($1.79), MarketWatch Earnings reports. The firm had revenue of $393.60 million during the quarter, compared to the consensus estimate of $394.10 million. MDC Partners had a negative return on equity of 0.82% and a net margin of 12.00%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share.
NASDAQ MDCA traded up $0.18 during trading hours on Friday, reaching $2.21. The stock had a trading volume of 87,754 shares, compared to its average volume of 312,675. MDC Partners has a 52-week low of $2.01 and a 52-week high of $8.65.
Hedge funds and other institutional investors have recently modified their holdings of the stock. RBF Capital LLC purchased a new stake in MDC Partners in the fourth quarter valued at approximately $37,000. Meeder Asset Management Inc. grew its holdings in shares of MDC Partners by 540.9% during the 4th quarter. Meeder Asset Management Inc. now owns 15,624 shares of the business services provider’s stock worth $40,000 after purchasing an additional 13,186 shares during the period. Two Sigma Securities LLC purchased a new position in shares of MDC Partners during the 4th quarter worth $43,000. SG Americas Securities LLC purchased a new position in shares of MDC Partners during the 4th quarter worth $68,000. Finally, Paloma Partners Management Co grew its holdings in shares of MDC Partners by 120.9% during the 4th quarter. Paloma Partners Management Co now owns 26,282 shares of the business services provider’s stock worth $69,000 after purchasing an additional 14,382 shares during the period. Hedge funds and other institutional investors own 86.80% of the company’s stock.
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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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