MDC Partners Inc (MDCA) Receives Consensus Rating of “Hold” from Brokerages

Shares of MDC Partners Inc (NASDAQ:MDCA) have received an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $6.00.

Separately, ValuEngine upgraded MDC Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd.

MDCA stock traded down $0.05 during trading hours on Tuesday, hitting $2.92. The company’s stock had a trading volume of 201,238 shares, compared to its average volume of 248,250. MDC Partners has a 12 month low of $2.20 and a 12 month high of $9.85. The company has a market capitalization of $167.94 million, a price-to-earnings ratio of 4.79 and a beta of 0.93.

MDC Partners (NASDAQ:MDCA) last released its earnings results on Monday, October 29th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The business had revenue of $375.83 million for the quarter, compared to analyst estimates of $373.07 million. MDC Partners had a net margin of 12.00% and a negative return on equity of 0.82%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlueMountain Capital Management LLC raised its position in MDC Partners by 125.5% during the third quarter. BlueMountain Capital Management LLC now owns 1,103,179 shares of the business services provider’s stock valued at $4,578,000 after purchasing an additional 613,925 shares during the period. Schroder Investment Management Group raised its stake in shares of MDC Partners by 17.0% during the 2nd quarter. Schroder Investment Management Group now owns 3,066,688 shares of the business services provider’s stock valued at $14,260,000 after buying an additional 444,968 shares during the last quarter. BlackRock Inc. grew its position in shares of MDC Partners by 9.6% during the 2nd quarter. BlackRock Inc. now owns 3,013,332 shares of the business services provider’s stock valued at $13,861,000 after acquiring an additional 264,578 shares during the period. Putnam Investments LLC acquired a new stake in MDC Partners in the 3rd quarter worth about $572,000. Finally, Indaba Capital Management L.P. boosted its holdings in shares of MDC Partners by 30.8% during the 3rd quarter. Indaba Capital Management L.P. now owns 421,467 shares of the business services provider’s stock worth $1,749,000 after purchasing an additional 99,256 shares during the last quarter. 87.06% of the stock is owned by institutional investors.

About MDC Partners

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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