Hotchkis & Wiley Capital Management LLC trimmed its stake in MDC Partners Inc. (NASDAQ:MDCA) by 32.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,657,490 shares of the business services provider’s stock after selling 803,650 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 2.84% of MDC Partners worth $18,232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in MDC Partners by 24.7% in the 1st quarter. Geode Capital Management LLC now owns 119,017 shares of the business services provider’s stock worth $1,118,000 after purchasing an additional 23,545 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in MDC Partners in the 2nd quarter worth $590,000. Vanguard Group Inc. grew its position in MDC Partners by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 1,397,114 shares of the business services provider’s stock worth $13,133,000 after purchasing an additional 63,952 shares during the last quarter. Taylor Asset Management Inc. grew its position in MDC Partners by 1.2% in the 2nd quarter. Taylor Asset Management Inc. now owns 1,331,965 shares of the business services provider’s stock worth $13,186,000 after purchasing an additional 16,304 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in MDC Partners in the 2nd quarter worth $1,199,000. Institutional investors own 83.62% of the company’s stock.

Shares of MDC Partners Inc. (MDCA) opened at $11.65 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of -1.94. MDC Partners Inc. has a 12-month low of $5.97 and a 12-month high of $12.26. The firm has a market cap of $676.98, a PE ratio of 21.09, a PEG ratio of 4.60 and a beta of 1.45.

MDC Partners (NASDAQ:MDCA) last issued its earnings results on Monday, October 30th. The business services provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.12. MDC Partners had a net margin of 1.79% and a negative return on equity of 7.92%. The business had revenue of $375.80 million for the quarter, compared to analyst estimates of $372.08 million. During the same period in the previous year, the business earned ($0.62) EPS. The firm’s revenue was up 7.6% on a year-over-year basis. analysts anticipate that MDC Partners Inc. will post 0.42 earnings per share for the current year.

Several analysts have issued reports on MDCA shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.00 price target (up from $10.00) on shares of MDC Partners in a research report on Tuesday, August 8th. BMO Capital Markets restated a “buy” rating and issued a $15.00 price target on shares of MDC Partners in a research report on Wednesday, September 13th. Jefferies Group restated a “buy” rating on shares of MDC Partners in a research report on Thursday, September 21st. Finally, Wells Fargo & Company restated a “hold” rating and issued a $12.00 price target on shares of MDC Partners in a research report on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.00.

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MDC Partners Profile

MDC Partners Inc is a provider of global marketing, advertising, activation, communications and strategic consulting solutions. The Company and its subsidiary agencies (Partner Firms) deliver a range of customized services. The Company’s segments include Reportable Segment, All Other and Corporate. The Reportable segment consists of the Company’s integrated advertising, media and public relations service companies.

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

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