Trade Report: Today, MDC Partners Inc. (MDCA) Earns “Hold” Rating from Jefferies Group

Today, MDC Partners Inc. (MDCA) Earns “Hold” Rating from Jefferies Group

MDC Partners Inc. (NASDAQ:MDCA)‘s stock had its “hold” rating restated by research analysts at Jefferies Group in a report issued on Monday. They currently have a $3.50 price objective on the stock, down from their prior price objective of $17.00. Jefferies Group’s target price indicates a potential downside of 41.67% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of MDC Partners from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, July 28th. Albert Fried & Company reaffirmed a “buy” rating and set a $17.00 target price on shares of MDC Partners in a report on Thursday, September 8th. Telsey Advisory Group downgraded shares of MDC Partners from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $28.50 to $22.00 in a report on Friday, July 29th. BMO Capital Markets downgraded shares of MDC Partners from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $23.00 to $5.00 in a report on Friday, November 4th. Finally, Wells Fargo & Co. downgraded shares of MDC Partners from an “outperform” rating to a “market perform” rating in a report on Friday, November 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $13.95.

MDC Partners (NASDAQ:MDCA) traded up 0.84% during mid-day trading on Monday, hitting $6.00. 164,644 shares of the stock traded hands. The company has a 50 day moving average price of $7.75 and a 200-day moving average price of $13.32. MDC Partners has a one year low of $2.75 and a one year high of $23.90. The stock’s market capitalization is $324.40 million.

In related news, insider Mitchell Gendel acquired 10,000 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was acquired at an average cost of $3.10 per share, for a total transaction of $31,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Scott L. Kauffman acquired 25,000 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $2.92 per share, with a total value of $73,000.00. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in MDCA. Brown Advisory Inc. boosted its position in MDC Partners by 2.3% in the second quarter. Brown Advisory Inc. now owns 14,215 shares of the company’s stock worth $260,000 after buying an additional 320 shares in the last quarter. BlackRock Inc. boosted its position in MDC Partners by 4.1% in the third quarter. BlackRock Inc. now owns 11,696 shares of the company’s stock worth $126,000 after buying an additional 464 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in MDC Partners by 9.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 9,215 shares of the company’s stock worth $169,000 after buying an additional 785 shares in the last quarter. Principal Financial Group Inc. boosted its position in MDC Partners by 6.7% in the second quarter. Principal Financial Group Inc. now owns 12,616 shares of the company’s stock worth $231,000 after buying an additional 788 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in MDC Partners by 16.2% in the second quarter. Legal & General Group Plc now owns 6,875 shares of the company’s stock worth $124,000 after buying an additional 959 shares in the last quarter.

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