Squarepoint Ops LLC grew its holdings in shares of MDC Partners Inc (NASDAQ:MDCA) by 53.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 113,618 shares of the business services provider’s stock after purchasing an additional 39,518 shares during the period. Squarepoint Ops LLC’s holdings in MDC Partners were worth $297,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in MDCA. RBF Capital LLC purchased a new position in shares of MDC Partners during the fourth quarter valued at approximately $37,000. Meeder Asset Management Inc. lifted its holdings in shares of MDC Partners by 540.9% during the fourth quarter. Meeder Asset Management Inc. now owns 15,624 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 13,186 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of MDC Partners during the fourth quarter valued at approximately $43,000. SG Americas Securities LLC purchased a new position in shares of MDC Partners during the fourth quarter valued at approximately $68,000. Finally, Virtu Financial LLC purchased a new position in shares of MDC Partners during the fourth quarter valued at approximately $99,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.
Several research firms have recently issued reports on MDCA. ValuEngine lowered shares of MDC Partners from a “buy” rating to a “hold” rating in a report on Monday, February 4th. BMO Capital Markets lowered shares of MDC Partners from an “outperform” rating to a “market perform” rating and set a $2.53 target price for the company. in a report on Monday, March 11th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $5.93.
MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings results on Friday, March 15th. The business services provider reported ($1.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($1.79). The firm had revenue of $393.60 million for the quarter, compared to the consensus estimate of $394.10 million. MDC Partners had a negative net margin of 8.54% and a negative return on equity of 0.82%. MDC Partners’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS.
In other news, Director Desiree G. Rogers purchased 23,820 shares of MDC Partners stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average price of $2.17 per share, with a total value of $51,689.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is owned by company insiders.
MDC Partners Company 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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