Boston Partners reduced its stake in shares of MDC Partners Inc (NASDAQ:MDCA) by 31.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,583 shares of the business services provider’s stock after selling 156,905 shares during the quarter. Boston Partners owned about 0.48% of MDC Partners worth $972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Kings Point Capital Management purchased a new position in shares of MDC Partners in the second quarter worth $66,000. Walleye Trading LLC bought a new position in shares of MDC Partners during the 2nd quarter valued at about $78,000. Walleye Trading Advisors LLC purchased a new position in shares of MDC Partners during the second quarter valued at about $81,000. HighTower Advisors LLC grew its position in shares of MDC Partners by 381.0% during the second quarter. HighTower Advisors LLC now owns 60,987 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 48,309 shares in the last quarter. Finally, Lorber David A grew its position in shares of MDC Partners by 17.5% during the second quarter. Lorber David A now owns 92,764 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 13,791 shares in the last quarter. Hedge funds and other institutional investors own 66.39% of the company’s stock.
Separately, ValuEngine upgraded MDC Partners from a “sell” rating to a “hold” rating in a research report on Monday, November 4th.
MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $342.91 million during the quarter.
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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