TD Asset Management Inc. trimmed its position in MDC Partners Inc. (NASDAQ:MDCA) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 221,700 shares of the business services provider’s stock after selling 13,900 shares during the quarter. TD Asset Management Inc. owned about 0.38% of MDC Partners worth $2,439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in MDC Partners by 24.7% during the 1st quarter. Geode Capital Management LLC now owns 119,017 shares of the business services provider’s stock valued at $1,118,000 after purchasing an additional 23,545 shares during the last quarter. Vanguard Group Inc. raised its stake in MDC Partners by 7.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,503,063 shares of the business services provider’s stock valued at $14,881,000 after purchasing an additional 105,949 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in MDC Partners during the 2nd quarter valued at $590,000. Taylor Asset Management Inc. raised its stake in MDC Partners by 1.2% during the 2nd quarter. Taylor Asset Management Inc. now owns 1,331,965 shares of the business services provider’s stock valued at $13,186,000 after purchasing an additional 16,304 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in MDC Partners during the 2nd quarter valued at $1,199,000. Institutional investors and hedge funds own 83.57% of the company’s stock.

Shares of MDC Partners Inc. (NASDAQ MDCA) opened at $10.90 on Friday. The stock has a market cap of $636.09, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 4.42 and a beta of 1.44. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of -1.94. MDC Partners Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $12.26.

MDC Partners (NASDAQ:MDCA) last posted its earnings results on Monday, October 30th. The business services provider reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ 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 quarter in the prior year, the firm earned ($0.62) EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. equities research analysts forecast that MDC Partners Inc. will post 0.42 earnings per share for the current fiscal year.

Several equities analysts recently commented on the stock. BMO Capital Markets reiterated a “buy” rating and set a $15.00 target price on shares of MDC Partners in a research note on Wednesday, October 18th. BidaskClub lowered shares of MDC Partners from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company reissued a “hold” rating and issued a $12.00 price target on shares of MDC Partners in a report on Tuesday, October 31st. Jefferies Group reissued a “buy” rating on shares of MDC Partners in a report on Thursday, September 21st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $12.00 price target on shares of MDC Partners in a report on Wednesday, September 13th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.00.

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MDC Partners Company 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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