Bank of New York Mellon Corp raised its holdings in MDC Partners Inc. (NASDAQ:MDCA) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 318,533 shares of the business services provider’s stock after buying an additional 1,296 shares during the quarter. Bank of New York Mellon Corp owned about 0.56% of MDC Partners worth $3,154,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of 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 buying an additional 23,545 shares during the last quarter. Vanguard Group Inc. grew its position in shares of 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 buying an additional 63,952 shares during the last quarter. Stifel Financial Corp grew its position in shares of MDC Partners by 3.8% in the 1st quarter. Stifel Financial Corp now owns 13,895 shares of the business services provider’s stock worth $131,000 after buying an additional 515 shares during the last quarter. PEAK6 Investments L.P. bought a new stake in shares of MDC Partners in the 1st quarter worth approximately $168,000. Finally, Swiss National Bank grew its position in shares of MDC Partners by 12.4% in the 1st quarter. Swiss National Bank now owns 88,000 shares of the business services provider’s stock worth $827,000 after buying an additional 9,700 shares during the last quarter. Hedge funds and other institutional investors own 83.69% of the company’s stock.

A number of equities research analysts have recently weighed in on MDCA shares. Zacks Investment Research lowered MDC Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub upgraded MDC Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “hold” rating on shares of MDC Partners in a research report on Thursday, July 6th. BMO Capital Markets reiterated a “buy” rating and issued a $15.00 price objective on shares of MDC Partners in a research report on Wednesday, September 13th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of MDC Partners in a research report on Thursday, September 21st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.14.

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Shares of MDC Partners Inc. (NASDAQ MDCA) opened at 10.80 on Tuesday. The company’s market capitalization is $631.15 million. The company’s 50 day moving average price is $10.16 and its 200 day moving average price is $9.42. MDC Partners Inc. has a 52-week low of $2.75 and a 52-week high of $11.43.

MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The firm had revenue of $390.53 million during the quarter, compared to the consensus estimate of $368.74 million. During the same period last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts predict that MDC Partners Inc. will post $0.31 EPS for the current year.

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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