MDC Partners (MDCA) Trading Up 7%

MDC Partners (NASDAQ:MDCA) shares were up 7% during mid-day trading on Thursday . The company traded as high as $4.60 and last traded at $4.60. Approximately 1,200,600 shares were traded during trading, an increase of 160% from the average daily volume of 461,924 shares. The stock had previously closed at $4.30.

A number of research analysts have issued reports on MDCA shares. Wells Fargo restated a “hold” rating on shares of MDC Partners in a research report on Friday, February 23rd. BMO Capital Markets restated a “buy” rating on shares of MDC Partners in a research report on Friday, February 23rd. Zacks Investment Research upgraded shares of MDC Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Royal Bank of Canada set a $12.00 target price on shares of MDC Partners and gave the company a “hold” rating in a research report on Friday, February 23rd. Finally, ValuEngine downgraded shares of MDC Partners from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $10.85.

The stock has a market cap of $275.14 million, a price-to-earnings ratio of 38.33, a P/E/G ratio of 1.97 and a beta of 1.27. The company has a debt-to-equity ratio of -3.37, a quick ratio of 0.70 and a current ratio of 0.74.

MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings results on Wednesday, May 9th. The business services provider reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.44). The firm had revenue of $327.00 million during the quarter, compared to analyst estimates of $352.73 million. MDC Partners had a net margin of 14.91% and a negative return on equity of 6.92%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.21) earnings per share. equities research analysts expect that MDC Partners will post 0.39 EPS for the current year.

Several large investors have recently made changes to their positions in MDCA. Cubist Systematic Strategies LLC raised its holdings in MDC Partners by 99.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 25,625 shares of the business services provider’s stock worth $185,000 after buying an additional 12,766 shares during the period. Element Capital Management LLC acquired a new stake in MDC Partners during the 1st quarter worth approximately $220,000. Citadel Advisors LLC raised its holdings in MDC Partners by 104.2% during the 1st quarter. Citadel Advisors LLC now owns 229,383 shares of the business services provider’s stock worth $1,652,000 after buying an additional 117,038 shares during the period. GSA Capital Partners LLP raised its holdings in MDC Partners by 55.3% during the 1st quarter. GSA Capital Partners LLP now owns 148,250 shares of the business services provider’s stock worth $1,067,000 after buying an additional 52,795 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of MDC Partners by 53.7% during the 1st quarter. Russell Investments Group Ltd. now owns 3,971,995 shares of the business services provider’s stock worth $28,598,000 after acquiring an additional 1,387,131 shares in the last quarter. Institutional investors and hedge funds own 85.61% of the company’s stock.

MDC Partners Company Profile

MDC Partners Inc provides marketing, advertising, activation, communications, and strategic consulting solutions worldwide. It offers a range of customized services, including global advertising and marketing services; media buying, planning, and optimization; interactive and mobile marketing; direct marketing; database and customer relationship management; sales promotion; corporate communications; market research; data analytics and insights; corporate identity, design, and branding services; social media communications; product and service innovation; e-commerce management; and technology services.

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