Croft Leominster Inc. held its position in MDC Partners Inc. (NASDAQ:MDCA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the business services provider’s stock at the end of the 2nd quarter. Croft Leominster Inc.’s holdings in MDC Partners were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Karp Capital Management Corp purchased a new position in shares of MDC Partners during the first quarter valued at $101,000. Principal Financial Group Inc. purchased a new position in shares of MDC Partners during the second quarter valued at $101,000. Stifel Financial Corp increased its stake in shares of MDC Partners by 3.8% during the first quarter. Stifel Financial Corp now owns 13,895 shares of the business services provider’s stock valued at $131,000 after buying an additional 515 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new position in shares of MDC Partners during the second quarter valued at $136,000. Finally, Legal & General Group Plc increased its stake in shares of MDC Partners by 0.9% during the first quarter. Legal & General Group Plc now owns 14,767 shares of the business services provider’s stock valued at $139,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 83.69% of the company’s stock.
Several equities analysts have recently commented on MDCA shares. BMO Capital Markets restated a “buy” rating and set a $15.00 price target on shares of MDC Partners in a research note on Wednesday, September 13th. Jefferies Group LLC restated a “buy” rating on shares of MDC Partners in a research note on Thursday, September 21st. BidaskClub lowered MDC Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded MDC Partners from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of MDC Partners in a research note on Thursday, July 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $12.14.
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Shares of MDC Partners Inc. (NASDAQ MDCA) traded up 1.116% during trading on Friday, hitting $11.325. The stock had a trading volume of 92,610 shares. The company’s 50 day moving average price is $10.25 and its 200 day moving average price is $9.46. MDC Partners Inc. has a 12 month low of $2.75 and a 12 month high of $11.45. The stock’s market cap is $661.83 million.
MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The company had revenue of $390.53 million for the quarter, compared to analysts’ expectations of $368.74 million. During the same quarter last year, the company earned $0.02 EPS. MDC Partners’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts expect that MDC Partners Inc. will post $0.33 earnings per share for the current fiscal year.
MDC Partners Profile
MDC Partners Inc is a provider of global marketing, advertising, activation, communications and strategic consulting solutions. The Company and its subsidiary agencies (Partner Firms) deliver a range of customized services. The Company’s segments include Reportable Segment, All Other and Corporate. The Reportable segment consists of the Company’s integrated advertising, media and public relations service companies.
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