Fox Run Management L.L.C. Has $320,000 Stake in MDC Partners Inc (MDCA)

Fox Run Management L.L.C. lifted its stake in shares of MDC Partners Inc (NASDAQ:MDCA) by 72.8% during the 4th quarter, HoldingsChannel reports. The firm owned 32,825 shares of the business services provider’s stock after buying an additional 13,825 shares during the period. Fox Run Management L.L.C.’s holdings in MDC Partners were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MDCA. Redwood Capital Management LLC grew its holdings in shares of MDC Partners by 110.9% during the 2nd quarter. Redwood Capital Management LLC now owns 853,970 shares of the business services provider’s stock worth $8,454,000 after purchasing an additional 449,030 shares in the last quarter. Boston Partners grew its holdings in shares of MDC Partners by 19.9% during the 3rd quarter. Boston Partners now owns 2,339,370 shares of the business services provider’s stock worth $25,733,000 after purchasing an additional 387,530 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of MDC Partners by 34.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,146,904 shares of the business services provider’s stock worth $12,614,000 after purchasing an additional 293,803 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of MDC Partners by 101.0% during the 3rd quarter. New York State Common Retirement Fund now owns 569,722 shares of the business services provider’s stock worth $6,267,000 after purchasing an additional 286,297 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of MDC Partners by 15.5% during the 3rd quarter. Schroder Investment Management Group now owns 1,736,989 shares of the business services provider’s stock worth $19,020,000 after purchasing an additional 232,653 shares in the last quarter. 83.61% of the stock is currently owned by institutional investors.

Shares of MDC Partners Inc (MDCA) opened at $9.10 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. MDC Partners Inc has a 1 year low of $6.15 and a 1 year high of $12.26. The firm has a market capitalization of $536.91, a price-to-earnings ratio of 28.44, a P/E/G ratio of 2.51 and a beta of 1.46.

MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings data on Monday, October 30th. The business services provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.12. MDC Partners had a negative return on equity of 7.92% and a net margin of 1.79%. The business had revenue of $375.80 million during the quarter, compared to the consensus estimate of $372.08 million. During the same period in the prior year, the company earned ($0.62) EPS. MDC Partners’s revenue for the quarter was up 7.6% on a year-over-year basis. analysts predict that MDC Partners Inc will post 0.39 earnings per share for the current year.

Several research firms have recently issued reports on MDCA. Zacks Investment Research raised MDC Partners from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub lowered MDC Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, January 13th. Wells Fargo & Co restated a “hold” rating and set a $12.00 price objective on shares of MDC Partners in a research report on Tuesday, October 31st. Finally, 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $11.83.

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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.

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

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