FrontFour Capital Group LLC Boosts Position in MDC Partners Inc (MDCA)

FrontFour Capital Group LLC boosted its position in shares of MDC Partners Inc (NASDAQ:MDCA) by 32.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,008,629 shares of the business services provider’s stock after acquiring an additional 728,897 shares during the period. MDC Partners accounts for 6.9% of FrontFour Capital Group LLC’s holdings, making the stock its 6th biggest position. FrontFour Capital Group LLC owned 5.23% of MDC Partners worth $7,853,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MDCA. BlueMountain Capital Management LLC lifted 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 acquiring an additional 613,925 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of MDC Partners in the fourth quarter worth $457,000. Putnam Investments LLC purchased a new position in shares of MDC Partners in the third quarter worth $572,000. Essex Investment Management Co. LLC purchased a new position in shares of MDC Partners in the fourth quarter worth $307,000. Finally, Indaba Capital Management L.P. raised its holdings in shares of MDC Partners by 30.8% in the third quarter. Indaba Capital Management L.P. now owns 421,467 shares of the business services provider’s stock worth $1,749,000 after buying an additional 99,256 shares during the last quarter. 86.80% of the stock is owned by institutional investors.

MDCA has been the subject of a number of research analyst reports. ValuEngine raised shares of MDC Partners from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. BMO Capital Markets cut shares of MDC Partners from an “outperform” rating to a “market perform” rating and set a $2.53 price target for the company. in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $5.93.

NASDAQ MDCA opened at $2.29 on Friday. MDC Partners Inc has a 12-month low of $2.01 and a 12-month high of $8.65.

MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings results on Friday, March 15th. The business services provider reported ($1.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($1.79). The company had revenue of $393.60 million during the quarter, compared to analysts’ expectations of $394.10 million. MDC Partners had a negative return on equity of 0.82% and a net margin of 12.00%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS.

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MDC Partners 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.

Further Reading: How can you know how many shares are floating?

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

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