MDC Partners Inc. (MDCA) Shares Sold by WMS Partners LLC

WMS Partners LLC trimmed its position in MDC Partners Inc. (NASDAQ:MDCA) by 24.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,500 shares of the business services provider’s stock after selling 12,500 shares during the quarter. WMS Partners LLC owned approximately 0.07% of MDC Partners worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in shares of MDC Partners in the 3rd quarter valued at approximately $209,000. Public Employees Retirement System of Ohio bought a new stake in shares of MDC Partners in the 2nd quarter valued at approximately $590,000. 1st Global Advisors Inc. increased its holdings in shares of MDC Partners by 52.4% in the 2nd quarter. 1st Global Advisors Inc. now owns 19,365 shares of the business services provider’s stock valued at $192,000 after acquiring an additional 6,655 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of MDC Partners by 10.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,061 shares of the business services provider’s stock valued at $436,000 after acquiring an additional 4,169 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of MDC Partners by 7.3% in the 2nd quarter. State Street Corp now owns 1,000,383 shares of the business services provider’s stock valued at $9,904,000 after acquiring an additional 68,222 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

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A number of research firms recently issued reports on MDCA. Zacks Investment Research lowered MDC Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub upgraded MDC Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. BMO Capital Markets restated a “buy” rating and set a $15.00 price objective on shares of MDC Partners in a research report on Wednesday, October 18th. Royal Bank Of Canada restated a “hold” rating and set a $12.00 price objective on shares of MDC Partners in a research report on Wednesday, September 13th. Finally, Jefferies Group LLC restated a “buy” rating on shares of MDC Partners in a research report on Thursday, September 21st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. MDC Partners currently has a consensus rating of “Hold” and a consensus price target of $12.13.

MDC Partners Inc. (NASDAQ MDCA) traded up 1.79% on Tuesday, reaching $11.35. The company had a trading volume of 308,247 shares. The stock’s market cap is $663.29 million. The company has a 50-day moving average of $10.83 and a 200 day moving average of $9.68. MDC Partners Inc. has a one year low of $2.75 and a one year high of $12.26.

MDC Partners (NASDAQ:MDCA) last issued its earnings results on Monday, October 30th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.12. MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The business had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $372.08 million. During the same period in the prior year, the firm posted ($0.62) EPS. MDC Partners’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that MDC Partners Inc. will post $0.34 EPS for the current 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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Institutional Ownership by Quarter for MDC Partners (NASDAQ:MDCA)

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