Algert Global LLC Purchases Shares of 83,837 MDC Partners Inc (MDCA)

Algert Global LLC bought a new stake in MDC Partners Inc (NASDAQ:MDCA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 83,837 shares of the business services provider’s stock, valued at approximately $922,000. Algert Global LLC owned 0.14% of MDC Partners at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in shares of MDC Partners by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 318,533 shares of the business services provider’s stock valued at $3,154,000 after buying an additional 1,296 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of MDC Partners by 7.0% in the second quarter. Oppenheimer & Co. Inc. now owns 20,480 shares of the business services provider’s stock valued at $203,000 after buying an additional 1,340 shares during the period. HPM Partners LLC raised its stake in shares of MDC Partners by 3.2% in the second quarter. HPM Partners LLC now owns 57,272 shares of the business services provider’s stock valued at $841,000 after buying an additional 1,772 shares during the period. Voya Investment Management LLC raised its stake in shares of MDC Partners by 18.0% in the second quarter. Voya Investment Management LLC now owns 25,906 shares of the business services provider’s stock valued at $256,000 after buying an additional 3,957 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of MDC Partners by 10.5% in the second quarter. The Manufacturers Life Insurance Company now owns 44,061 shares of the business services provider’s stock valued at $436,000 after buying an additional 4,169 shares during the period. Hedge funds and other institutional investors own 83.57% of the company’s stock.

Several brokerages have issued reports on MDCA. BidaskClub lowered MDC Partners from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Zacks Investment Research lowered MDC Partners from a “buy” rating to a “hold” rating in a research note on Wednesday. Jefferies Group restated a “buy” rating on shares of MDC Partners in a research note on Thursday, September 21st. BMO Capital Markets restated a “buy” rating and issued a $15.00 target price on shares of MDC Partners in a research note on Wednesday, September 13th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $12.00 target price on shares of MDC Partners in a research note on Wednesday, September 13th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $12.00.

MDC Partners Inc (NASDAQ MDCA) opened at $10.90 on Friday. The firm has a market capitalization of $647.98, a price-to-earnings ratio of 19.45, a PEG ratio of 4.25 and a beta of 1.44. MDC Partners Inc has a 52-week low of $6.10 and a 52-week high of $12.26. The company has a debt-to-equity ratio of -1.94, a current ratio of 0.71 and a quick ratio of 0.71.

MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.12. The company had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $372.08 million. MDC Partners had a negative return on equity of 7.92% and a net margin of 1.79%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.62) earnings per share. analysts anticipate that MDC Partners Inc will post 0.42 EPS for the current year.

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MDC Partners Company 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.

Institutional Ownership by Quarter for MDC Partners (NASDAQ:MDCA)

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