American Century Companies Inc. purchased a new stake in MDC Partners Inc. (NASDAQ:MDCA) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 121,160 shares of the business services provider’s stock, valued at approximately $1,199,000. American Century Companies Inc. owned approximately 0.21% of MDC Partners at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp increased its holdings in MDC Partners by 3.8% in the 1st quarter. Stifel Financial Corp now owns 13,895 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 515 shares in the last quarter. Vanguard Group Inc. increased its holdings in 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 valued at $13,133,000 after purchasing an additional 63,952 shares in the last quarter. Wells Fargo & Company MN increased its holdings in MDC Partners by 0.7% in the 1st quarter. Wells Fargo & Company MN now owns 2,402,505 shares of the business services provider’s stock valued at $22,583,000 after purchasing an additional 17,452 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 valued at $1,118,000 after purchasing an additional 23,545 shares in the last quarter. Finally, PEAK6 Investments L.P. acquired a new stake in MDC Partners in the 1st quarter valued at $168,000. Hedge funds and other institutional investors own 83.69% of the company’s stock.

MDC Partners Inc. (NASDAQ MDCA) opened at 9.75 on Friday. The stock’s 50 day moving average is $9.96 and its 200 day moving average is $9.21. The company’s market cap is $569.79 million. MDC Partners Inc. has a 12 month low of $2.75 and a 12 month high of $11.83.

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

Several analysts recently issued reports on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.00 price target (up from $10.00) on shares of MDC Partners in a report on Tuesday, August 8th. BidaskClub downgraded MDC Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. BMO Capital Markets restated a “buy” rating and set a $15.00 target price on shares of MDC Partners in a research note on Wednesday. Jefferies Group LLC raised their target price on MDC Partners to $12.00 and gave the company a “buy” rating in a research note on Monday, June 5th. Finally, Zacks Investment Research downgraded MDC Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $12.14.

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MDC Partners 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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