Shares of MDC Partners Inc (NASDAQ:MDCA) shot up 7.5% during mid-day trading on Wednesday . The company traded as high as $9.70 and last traded at $9.60. 517,228 shares traded hands during mid-day trading, an increase of 75% from the average session volume of 296,127 shares. The stock had previously closed at $8.93.

A number of research firms have recently issued reports on MDCA. BidaskClub upgraded MDC Partners from a “strong sell” rating to a “sell” rating in a report on Friday, February 9th. Zacks Investment Research upgraded MDC Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Wells Fargo & Co restated a “hold” rating and issued a $12.00 target price on shares of MDC Partners in a report on Tuesday, October 31st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $15.00 price objective on shares of MDC Partners in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. MDC Partners has an average rating of “Hold” and an average price target of $11.83.

The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of -1.94. The firm has a market cap of $525.24, a price-to-earnings ratio of 27.91, a PEG ratio of 2.46 and a beta of 1.25.

Several large investors have recently made changes to their positions in MDCA. Chicago Equity Partners LLC purchased a new stake in shares of MDC Partners during the fourth quarter worth $4,759,000. Boston Partners raised its holdings in shares of MDC Partners by 19.9% during the third quarter. Boston Partners now owns 2,339,370 shares of the business services provider’s stock worth $25,733,000 after acquiring an additional 387,530 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of MDC Partners by 19.3% during the fourth quarter. Schroder Investment Management Group now owns 2,071,488 shares of the business services provider’s stock worth $20,197,000 after acquiring an additional 334,499 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of MDC Partners by 34.4% during the third quarter. Russell Investments Group Ltd. now owns 1,146,904 shares of the business services provider’s stock worth $12,614,000 after acquiring an additional 293,803 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of MDC Partners by 101.0% during the third quarter. New York State Common Retirement Fund now owns 569,722 shares of the business services provider’s stock worth $6,267,000 after acquiring an additional 286,297 shares in the last quarter. Institutional investors and hedge funds own 85.52% of the company’s stock.

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MDC Partners Company 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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