Cadence Capital Management LLC acquired a new position in shares of MDC Partners Inc (NASDAQ:MDCA) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 100,557 shares of the business services provider’s stock, valued at approximately $980,000.

A number of other institutional investors also recently bought and sold shares of MDCA. Schwab Charles Investment Management Inc. increased its position in MDC Partners by 24.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 98,180 shares of the business services provider’s stock worth $972,000 after purchasing an additional 19,300 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in MDC Partners during the 2nd quarter worth about $101,000. JPMorgan Chase & Co. increased its position in MDC Partners by 1,634.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,457 shares of the business services provider’s stock worth $153,000 after purchasing an additional 14,566 shares in the last quarter. Alliancebernstein L.P. increased its position in MDC Partners by 17.0% during the 2nd quarter. Alliancebernstein L.P. now owns 64,000 shares of the business services provider’s stock worth $634,000 after purchasing an additional 9,300 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in MDC Partners by 142.3% during the 2nd quarter. New York State Common Retirement Fund now owns 283,425 shares of the business services provider’s stock worth $2,806,000 after purchasing an additional 166,461 shares in the last quarter. Hedge funds and other institutional investors own 85.52% of the company’s stock.

Shares of MDC Partners Inc (MDCA) opened at $9.00 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of -1.94. MDC Partners Inc has a 52 week low of $6.75 and a 52 week high of $12.26. The stock has a market capitalization of $525.21, a PE ratio of 23.08, a price-to-earnings-growth ratio of 2.46 and a beta of 1.25.

A number of analysts recently commented on MDCA shares. Zacks Investment Research upgraded MDC Partners from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday, January 2nd. BMO Capital Markets reiterated a “buy” rating and set a $15.00 price objective on shares of MDC Partners in a research report on Wednesday, October 18th. BidaskClub cut MDC Partners from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $12.00 price target on shares of MDC Partners in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. MDC Partners currently has an average rating of “Hold” and a consensus price target of $11.83.

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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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