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.

Shares of NASDAQ:MDCA opened at $2.29 on Friday. MDC Partners Inc has a 1 year low of $2.01 and a 1 year high of $8.65.

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.

COPYRIGHT VIOLATION NOTICE: “MDC Partners Inc (MDCA) Holdings Boosted by Lorber David A” was first reported by Marea Informative and is the property of of Marea Informative. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.mareainformativa.com/news/2019/03/17/mdc-partners-inc-mdca-holdings-boosted-by-lorber-david-a.html.

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.

Read More: What is channel trading?

Want to see what other hedge funds are holding MDCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MDC Partners Inc (NASDAQ:MDCA).

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

Receive News & Ratings for MDC Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDC Partners and related companies with MarketBeat.com's FREE daily email newsletter.