Russell Investments Group Ltd. reduced its holdings in MDC Partners Inc (NASDAQ:MDCA) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,374,933 shares of the business services provider’s stock after selling 79,228 shares during the quarter. Russell Investments Group Ltd. owned 2.39% of MDC Partners worth $3,464,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group lifted its holdings in shares of MDC Partners by 3.4% in the second quarter. Schroder Investment Management Group now owns 3,079,693 shares of the business services provider’s stock valued at $7,761,000 after purchasing an additional 101,613 shares in the last quarter. Picton Mahoney Asset Management increased its position in MDC Partners by 31.3% during the second quarter. Picton Mahoney Asset Management now owns 656,743 shares of the business services provider’s stock worth $1,655,000 after purchasing an additional 156,743 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in MDC Partners during the first quarter worth approximately $177,000. Connor Clark & Lunn Investment Management Ltd. increased its position in MDC Partners by 70.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 142,758 shares of the business services provider’s stock worth $321,000 after purchasing an additional 58,758 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in MDC Partners by 204.9% during the first quarter. BNP Paribas Arbitrage SA now owns 11,685 shares of the business services provider’s stock worth $26,000 after purchasing an additional 7,853 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.
MDCA traded up $0.07 during trading hours on Monday, reaching $2.69. 120,378 shares of the stock traded hands, compared to its average volume of 197,521. The firm’s fifty day simple moving average is $2.36 and its two-hundred day simple moving average is $2.51. MDC Partners Inc has a fifty-two week low of $1.65 and a fifty-two week high of $4.85.
MDC Partners 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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