The stock of MDC Partners Inc (NASDAQ:MDCA) is a huge mover today! About 20.05M shares traded hands or 2894.16% up from the average. MDC Partners Inc (NASDAQ:MDCA) has declined 63.60% since April 4, 2016 and is downtrending. It has underperformed by 64.70% the S&P500.
The move comes after 8 months negative chart setup for the $200.55 million company. It was reported on Nov, 4 by Barchart.com. We have $3.29 PT which if reached, will make NASDAQ:MDCA worth $20.06 million less.
MDC Partners Inc (NASDAQ:MDCA) Ratings Coverage
Out of 6 analysts covering MDC Partners (NASDAQ:MDCA), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. MDC Partners has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Telsey Advisory Group upgraded the stock to “Outperform” rating in Wednesday, November 2 report. RBC Capital Markets initiated MDC Partners Inc (NASDAQ:MDCA) rating on Friday, October 7. RBC Capital Markets has “Sector Perform” rating and $12 price target. Wedbush initiated MDC Partners Inc (NASDAQ:MDCA) on Tuesday, July 28 with “Outperform” rating. The stock of MDC Partners Inc (NASDAQ:MDCA) earned “Overweight” rating by Piper Jaffray on Tuesday, July 21. The rating was maintained by Wedbush with “Outperform” on Thursday, August 20. The rating was upgraded by Wells Fargo to “Outperform” on Thursday, April 14. The company was downgraded on Friday, November 4 by Wedbush. Wells Fargo downgraded the shares of MDCA in a report on Friday, November 4 to “Market Perform” rating. The rating was maintained by Wedbush with “Outperform” on Sunday, September 6. The rating was upgraded by Evercore on Monday, March 7 to “Buy”.
According to Zacks Investment Research, “MDC Partners Inc. is a marketing communications firm providing marketing communication and consulting services throughout the United States, Canada, and the United Kingdom. Its services includes advertising and media, interactive marketing, direct marketing, public relations, corporate communications, market research, corporate identity and branding, and sales promotion. The Company also provides mobile marketing, and database and customer relationship management services. MDC Corporation Inc. is headquartered in Toronto, Canada.”
Insitutional Activity: The institutional sentiment decreased to 1.46 in 2016 Q2. Its down 0.24, from 1.7 in 2016Q1. The ratio worsened, as 24 funds sold all MDC Partners Inc shares owned while 32 reduced positions. 25 funds bought stakes while 57 increased positions. They now own 53.98 million shares or 1.34% more from 53.26 million shares in 2016Q1.
Morgan Stanley has 833 shares for 0% of their US portfolio. Pnc Fincl Svcs Grp has 246 shares for 0% of their US portfolio. Columbus Circle Investors holds 1.39M shares or 0.26% of its portfolio. Parametric Associates Ltd Llc holds 774,970 shares or 0.02% of its portfolio. Assetmark holds 0% or 949 shares in its portfolio. Skyline Asset Mngmt Limited Partnership holds 1.23M shares or 1.66% of its portfolio. Art Advisors Ltd Llc owns 41,489 shares or 0.04% of their US portfolio. Goldman Sachs Gp Inc has invested 0% of its portfolio in MDC Partners Inc (NASDAQ:MDCA). Alphamark Lc holds 0.47% of its portfolio in MDC Partners Inc (NASDAQ:MDCA) for 43,136 shares. Aperio Limited Liability Com owns 42,641 shares or 0.01% of their US portfolio. Moreover, Metropolitan Life Insur Ny has 0.01% invested in MDC Partners Inc (NASDAQ:MDCA) for 37,583 shares. Geode Cap Management Llc holds 0% of its portfolio in MDC Partners Inc (NASDAQ:MDCA) for 80,336 shares. Moreover, New York State Common Retirement Fund has 0.01% invested in MDC Partners Inc (NASDAQ:MDCA) for 232,179 shares. Credit Suisse Ag holds 43,432 shares or 0% of its portfolio. Invesco Limited has 0.03% invested in the company for 5.13M shares.
Insider Transactions: Since August 4, 2016, the stock had 4 buys, and 0 sales for $346,000 net activity. Kauffman Scott L bought $138,600 worth of stock. $13,750 worth of shares were bought by Gendel Mitchell on Monday, August 8.
More notable recent MDC Partners Inc (NASDAQ:MDCA) news were published by: Prnewswire.com which released: “MDC Partners Inc. Reports Results For The Three And Nine Months Ended …” on November 03, 2016, also Reuters.com with their article: “BRIEF-Mdc Partners Inc reports Q3 loss per share $0.64 from continuing ope…” published on November 03, 2016, Nasdaq.com published: “Mid-Day Market Update: ConforMIS Gains Following Strong Q3 Results; MDC …” on November 04, 2016. More interesting news about MDC Partners Inc (NASDAQ:MDCA) were released by: Fool.com and their article: “Why MDC Partners Inc Stock Plummeted Today” published on July 29, 2016 as well as Prnewswire.com‘s news article titled: “MDC Partners Names Ryan Linder Chief Marketing Officer, U.S.” with publication date: October 05, 2016.
MDCA Company Profile
MDC Partners Inc., incorporated on April 1, 2013, is a well-known provider of marketing, advertising, activation, communications and strategic consulting solutions. The Company’s segment is Advertising and Communications.
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