Trade Report: Today: MDC Partners Inc. (MDCA) Receives Consensus Recommendation of “Hold” from Analysts

Today: MDC Partners Inc. (MDCA) Receives Consensus Recommendation of “Hold” from Analysts

MDC Partners Inc. (NASDAQ:MDCA) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $13.28.

MDCA has been the topic of a number of research analyst reports. Albert Fried & Company cut shares of MDC Partners from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $23.00 to $17.00 in a research report on Monday, August 1st. Zacks Investment Research cut shares of MDC Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Jefferies Group reissued a “hold” rating on shares of MDC Partners in a research report on Monday, August 29th. Wedbush reissued an “outperform” rating and set a $20.00 price objective on shares of MDC Partners in a research report on Friday, September 30th. Finally, RBC Capital Markets initiated coverage on shares of MDC Partners in a research report on Thursday, October 6th. They set a “sector perform” rating and a $12.00 price objective on the stock.

In other news, Director Lawrence S. Kramer acquired 30,000 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was purchased at an average price of $3.48 per share, for a total transaction of $104,400.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Scott L. Kauffman acquired 25,000 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was purchased 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 company insiders.

Large investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. purchased a new stake in MDC Partners during the second quarter valued at approximately $27,005,000. Boston Partners raised its stake in MDC Partners by 167.1% in the third quarter. Boston Partners now owns 1,317,040 shares of the company’s stock valued at $14,119,000 after buying an additional 823,870 shares during the period. Chartwell Investment Partners LLC raised its stake in MDC Partners by 19.1% in the second quarter. Chartwell Investment Partners LLC now owns 3,351,875 shares of the company’s stock valued at $61,306,000 after buying an additional 538,633 shares during the period. Citadel Advisors LLC raised its stake in MDC Partners by 4,044.1% in the third quarter. Citadel Advisors LLC now owns 534,593 shares of the company’s stock valued at $5,731,000 after buying an additional 521,693 shares during the period. Finally, Wells Fargo & Company MN raised its stake in MDC Partners by 32.8% in the third quarter. Wells Fargo & Company MN now owns 2,033,922 shares of the company’s stock valued at $21,803,000 after buying an additional 502,251 shares during the period.

Shares of MDC Partners (NASDAQ:MDCA) traded down 1.250% during mid-day trading on Monday, reaching $5.925. The company had a trading volume of 255,173 shares. The firm’s market capitalization is $320.34 million. MDC Partners has a one year low of $2.75 and a one year high of $23.90. The stock has a 50 day moving average of $7.75 and a 200-day moving average of $13.32.

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