The stock of MDC Partners Inc (NASDAQ:MDCA) is a huge mover today! About 2.73M shares traded hands or 67.48% up from the average. MDC Partners Inc (NASDAQ:MDCA) has declined 85.02% since April 5, 2016 and is downtrending. It has underperformed by 86.98% the S&P500.
The move comes after 7 months positive chart setup for the $164.75M company. It was reported on Nov, 8 by Barchart.com. We have $8.42 PT which if reached, will make NASDAQ:MDCA worth $252.07 million more.
MDC Partners Inc (NASDAQ:MDCA) Ratings Coverage
Out of 7 analysts covering MDC Partners (NASDAQ:MDCA), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. MDC Partners has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, July 28 by Wedbush. The firm earned “Outperform” rating on Wednesday, November 2 by Telsey Advisory Group. The stock has “Neutral” rating given by Wedbush on Friday, November 4. The firm has “Outperform” rating by Wells Fargo given on Thursday, April 14. The rating was downgraded by Wells Fargo on Friday, November 4 to “Market Perform”. The firm earned “Sector Perform” rating on Friday, October 7 by RBC Capital Markets. The company was maintained on Thursday, August 20 by Wedbush. BMO Capital Markets downgraded the shares of MDCA in a report on Friday, November 4 to “Market Perform” rating. Piper Jaffray upgraded the stock to “Overweight” rating in Tuesday, July 21 report. The stock of MDC Partners Inc (NASDAQ:MDCA) earned “Outperform” rating by Wedbush on Sunday, September 6.
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 turned negative, 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.
Independent Portfolio Consultants last reported 9,215 shares in the company. Moreover, Croft has 0.12% invested in MDC Partners Inc (NASDAQ:MDCA) for 30,228 shares. Blackrock Ltd Liability Company owns 16,775 shares or 0% of their US portfolio. Bank Of America De has 80,939 shares for 0% of their US portfolio. State Street owns 795,785 shares or 0% of their US portfolio. National Bank & Trust Of New York Mellon Corporation accumulated 0% or 336,073 shares. Citigroup has 3,983 shares for 0% of their US portfolio. Ubs Asset Americas last reported 17,600 shares in the company. Art Limited Liability Company reported 41,489 shares or 0.04% of all its holdings. Emerald Mutual Fund Advisers Trust owns 23,517 shares or 0.02% of their US portfolio. Deutsche Bancorp Ag reported 59,278 shares or 0% of all its holdings. New York State Common Retirement Fund has 0.01% invested in the company for 232,179 shares. The United Kingdom-based Blackrock Group has invested 0% in MDC Partners Inc (NASDAQ:MDCA). The New York-based Tiaa Cref Inv Management Limited Liability Corporation has invested 0.01% in MDC Partners Inc (NASDAQ:MDCA). Granite Prtnrs Limited Company has 497,875 shares for 0.72% of their US portfolio.
Insider Transactions: Since August 4, 2016, the stock had 9 insider purchases, and 0 sales for $1.11 million net activity. Another trade for 25,000 shares valued at $73,000 was bought by Kauffman Scott L. On Friday, November 4 KRAMER LAWRENCE S bought $104,400 worth of the stock or 30,000 shares. Gendel Mitchell had bought 10,000 shares worth $29,000 on Friday, November 4. 150,000 shares with value of $528,000 were bought by GOLDBERG DANIEL STEVEN on Friday, November 4.
More important recent MDC Partners Inc (NASDAQ:MDCA) news were published by: Wsj.com which released: “Ad Company MDC Partners Exploring Options Including Potential Sale” on November 04, 2016, also Streetinsider.com published article titled: “Form 4 MDC PARTNERS INC For: Nov 04 Filed by: GOLDBERG DANIEL STEVEN”, Reuters.com published: “BRIEF-Mdc Partners Inc reports Q3 loss per share $0.64 from continuing ope…” on November 03, 2016. More interesting news about MDC Partners Inc (NASDAQ:MDCA) was released by: Nasdaq.com and their article: “Mid-Day Market Update: ConforMIS Gains Following Strong Q3 Results; MDC …” with publication date: November 04, 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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