Sei Investments Co. grew its position in MDC Partners Inc (NASDAQ:MDCA) by 108.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,264 shares of the business services provider’s stock after purchasing an additional 12,099 shares during the quarter. Sei Investments Co.’s holdings in MDC Partners were worth $107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of MDC Partners in the second quarter valued at about $104,000. Cubist Systematic Strategies LLC lifted its stake in shares of MDC Partners by 99.3% in the first quarter. Cubist Systematic Strategies LLC now owns 25,625 shares of the business services provider’s stock valued at $185,000 after purchasing an additional 12,766 shares during the period. Element Capital Management LLC acquired a new stake in shares of MDC Partners in the first quarter valued at about $220,000. Palo Capital Inc. lifted its stake in shares of MDC Partners by 479.7% in the second quarter. Palo Capital Inc. now owns 64,937 shares of the business services provider’s stock valued at $299,000 after purchasing an additional 53,735 shares during the period. Finally, Mackay Shields LLC acquired a new stake in shares of MDC Partners in the first quarter valued at about $916,000. Institutional investors and hedge funds own 86.13% of the company’s stock.

Several analysts recently commented on MDCA shares. ValuEngine cut shares of MDC Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, June 22nd. BidaskClub upgraded shares of MDC Partners from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 23rd. Finally, Zacks Investment Research upgraded shares of MDC Partners from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. MDC Partners currently has an average rating of “Hold” and a consensus target price of $10.56.

MDCA traded down $0.34 during midday trading on Friday, reaching $2.84. 1,138,617 shares of the company’s stock were exchanged, compared to its average volume of 437,962. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of -4.11. The stock has a market cap of $238.65 million, a P/E ratio of 4.66, a PEG ratio of 15.37 and a beta of 0.76. MDC Partners Inc has a 1-year low of $2.75 and a 1-year high of $12.26.

MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The firm had revenue of $379.74 million during the quarter, compared to analyst estimates of $379.40 million. MDC Partners had a net margin of 14.33% and a negative return on equity of 5.04%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. As a group, analysts forecast that MDC Partners Inc will post 0.09 EPS for the current fiscal year.

About MDC Partners

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

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