Metropolitan Life Insurance Co. NY reduced its holdings in MDC Partners (NASDAQ:MDCA) by 47.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,646 shares of the business services provider’s stock after selling 16,865 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in MDC Partners were worth $182,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MDCA. SG Americas Securities LLC bought a new stake in shares of MDC Partners in the third quarter worth about $112,000. JPMorgan Chase & Co. increased its holdings in shares of MDC Partners by 69.1% in the third quarter. JPMorgan Chase & Co. now owns 26,144 shares of the business services provider’s stock worth $286,000 after acquiring an additional 10,687 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in shares of MDC Partners in the third quarter worth about $370,000. California Public Employees Retirement System increased its holdings in shares of MDC Partners by 26.7% in the third quarter. California Public Employees Retirement System now owns 49,292 shares of the business services provider’s stock worth $542,000 after acquiring an additional 10,392 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of MDC Partners by 273.8% in the third quarter. Public Employees Retirement System of Ohio now owns 222,656 shares of the business services provider’s stock worth $2,449,000 after acquiring an additional 163,085 shares in the last quarter. Institutional investors own 85.94% of the company’s stock.

NASDAQ:MDCA opened at $7.45 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of -3.59. The stock has a market cap of $444.11, a P/E ratio of 12.21, a PEG ratio of 2.03 and a beta of 1.29. MDC Partners has a 52-week low of $6.53 and a 52-week high of $12.26.

MDC Partners (NASDAQ:MDCA) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The business had revenue of $402.70 million during the quarter, compared to the consensus estimate of $408.70 million. MDC Partners had a negative return on equity of 9.36% and a net margin of 15.98%. MDC Partners’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. research analysts predict that MDC Partners will post 0.63 earnings per share for the current year.

A number of research analysts recently issued reports on MDCA shares. 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 upgraded MDC Partners from a “market perform” rating to an “outperform” rating in a report on Thursday, April 12th. Royal Bank of Canada set a $12.00 price objective on MDC Partners and gave the stock a “hold” rating in a report on Friday, February 23rd. Finally, BMO Capital Markets reiterated a “buy” rating on shares of MDC Partners in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $12.05.

About MDC Partners

MDC Partners Inc provides marketing, advertising, activation, communications, and strategic consulting solutions worldwide. It offers a range of customized services, including global advertising and marketing services; media buying, planning, and optimization; interactive and mobile marketing; direct marketing; database and customer relationship management; sales promotion; corporate communications; market research; data analytics and insights; corporate identity, design, and branding services; social media communications; product and service innovation; e-commerce management; and technology services.

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Institutional Ownership by Quarter for MDC Partners (NASDAQ:MDCA)

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