Algert Global LLC Sells 14,140 Shares of MDC Partners Inc (MDCA)
Algert Global LLC lessened its holdings in shares of MDC Partners Inc (NASDAQ:MDCA) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,697 shares of the business services provider’s stock after selling 14,140 shares during the period. Algert Global LLC’s holdings in MDC Partners were worth $680,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Prudential Financial Inc. bought a new stake in shares of MDC Partners during the 3rd quarter valued at about $335,000. Vanguard Group Inc. boosted 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 period. Public Employees Retirement System of Ohio acquired a new position in MDC Partners during the 2nd quarter valued at about $590,000. Alliancebernstein L.P. boosted its stake in MDC Partners by 17.0% during the 2nd quarter. Alliancebernstein L.P. now owns 64,000 shares of the business services provider’s stock valued at $634,000 after purchasing an additional 9,300 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in MDC Partners by 24.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 98,180 shares of the business services provider’s stock valued at $972,000 after purchasing an additional 19,300 shares during the period. 82.63% of the stock is owned by institutional investors and hedge funds.
MDC Partners Inc (NASDAQ:MDCA) opened at $8.85 on Monday. The company has a debt-to-equity ratio of -1.94, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $516.49, a PE ratio of 27.66, a price-to-earnings-growth ratio of 2.42 and a beta of 1.25. MDC Partners Inc has a one year low of $6.55 and a one year high of $12.26.
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About MDC Partners
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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