OxFORD Asset Management LLP Invests $370,000 in MDC Partners Inc (MDCA)

OxFORD Asset Management LLP acquired a new position in MDC Partners Inc (NASDAQ:MDCA) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 33,757 shares of the business services provider’s stock, valued at approximately $370,000. OxFORD Asset Management LLP owned 0.06% of MDC Partners at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in shares of MDC Partners by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 318,533 shares of the business services provider’s stock worth $3,154,000 after acquiring an additional 1,296 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of MDC Partners by 7.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 20,480 shares of the business services provider’s stock worth $203,000 after acquiring an additional 1,340 shares during the period. HPM Partners LLC lifted its position in shares of MDC Partners by 3.2% in the 2nd quarter. HPM Partners LLC now owns 57,272 shares of the business services provider’s stock worth $841,000 after acquiring an additional 1,772 shares during the period. Voya Investment Management LLC lifted its position in shares of MDC Partners by 18.0% in the 2nd quarter. Voya Investment Management LLC now owns 25,906 shares of the business services provider’s stock worth $256,000 after acquiring an additional 3,957 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position 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 worth $436,000 after acquiring an additional 4,169 shares during the period. Institutional investors own 83.57% of the company’s stock.

MDC Partners Inc (MDCA) opened at $9.80 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of -1.94. The company has a market capitalization of $571.90, a P/E ratio of 25.13, a P/E/G ratio of 4.03 and a beta of 1.44. MDC Partners Inc has a 52-week low of $6.13 and a 52-week high of $12.26.

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

A number of analysts have commented on MDCA shares. Zacks Investment Research downgraded MDC Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. Wells Fargo & Co reiterated a “hold” rating and issued a $12.00 price objective on shares of MDC Partners in a research report on Tuesday, October 31st. BMO Capital Markets reiterated a “buy” rating and issued a $15.00 price objective on shares of MDC Partners in a research report on Wednesday, October 18th. BidaskClub downgraded MDC Partners from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Jefferies Group restated a “buy” rating on shares of MDC Partners in a research report on Thursday, September 21st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.00.

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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.

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

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