MDC Partners (MDCA) Sees Unusually-High Trading Volume

MDC Partners Inc (NASDAQ:MDCA) saw an uptick in trading volume on Thursday . 2,940,216 shares changed hands during trading, an increase of 493% from the previous session’s volume of 495,639 shares.The stock last traded at $3.28 and had previously closed at $2.50.

A number of research firms have recently weighed in on MDCA. ValuEngine raised MDC Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 14th. BidaskClub lowered MDC Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 22nd. Finally, Zacks Investment Research raised MDC Partners from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. MDC Partners currently has a consensus rating of “Hold” and a consensus target price of $7.63.

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



Institutional investors have recently bought and sold shares of the company. Palo Capital Inc. increased its position in shares of MDC Partners by 95.4% during the third quarter. Palo Capital Inc. now owns 126,904 shares of the business services provider’s stock worth $527,000 after acquiring an additional 61,967 shares during the period. Macquarie Group Ltd. purchased a new position in MDC Partners in the second quarter valued at $250,000. Oppenheimer & Co. Inc. increased its holdings in MDC Partners by 41.5% in the second quarter. Oppenheimer & Co. Inc. now owns 34,240 shares of the business services provider’s stock valued at $158,000 after buying an additional 10,050 shares during the last quarter. Brown Advisory Inc. purchased a new position in MDC Partners in the second quarter valued at $504,000. Finally, BlackRock Inc. increased its holdings in MDC Partners by 9.6% in the second quarter. BlackRock Inc. now owns 3,013,332 shares of the business services provider’s stock valued at $13,861,000 after buying an additional 264,578 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

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About MDC Partners (NASDAQ:MDCA)

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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