MDC Partners Inc (MDCA) Holdings Boosted by Lorber David A
Lorber David A grew its stake in shares of MDC Partners Inc (NASDAQ:MDCA) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,371 shares of the business services provider’s stock after acquiring an additional 6,103 shares during the period. MDC Partners accounts for 0.4% of Lorber David A’s investment portfolio, making the stock its 7th biggest holding. Lorber David A’s holdings in MDC Partners were worth $142,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Wedbush Securities Inc. purchased a new position in shares of MDC Partners during the 4th quarter valued at $177,000. Bridgeway Capital Management Inc. boosted its holdings in MDC Partners by 49.8% in the third quarter. Bridgeway Capital Management Inc. now owns 184,800 shares of the business services provider’s stock worth $767,000 after purchasing an additional 61,400 shares in the last quarter. Indaba Capital Management L.P. boosted its holdings in MDC Partners by 30.8% in the third quarter. Indaba Capital Management L.P. now owns 421,467 shares of the business services provider’s stock worth $1,749,000 after purchasing an additional 99,256 shares in the last quarter. Putnam Investments LLC bought a new stake in MDC Partners in the third quarter worth $572,000. Finally, Acadian Asset Management LLC bought a new stake in MDC Partners in the fourth quarter worth $150,000. Institutional investors and hedge funds own 86.80% of the company’s stock.
A number of equities research analysts recently issued reports on MDCA shares. ValuEngine cut shares of MDC Partners from a “buy” rating to a “hold” rating in a report on Monday, February 4th. BMO Capital Markets cut shares of MDC Partners from an “outperform” rating to a “market perform” rating and set a $2.53 price objective for the company. in a report on Monday, March 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.93.
MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings data on Friday, March 15th. The business services provider reported ($1.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($1.79). The business 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 company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 earnings per share.
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MDC Partners 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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