It is currently trading at $11.50 which is marginally higher than the 50 day moving average which is $10.88 and which is quite a bit above the 200 day moving average of $9.69. The 50 day moving average moved up $0.62 and the 200 day average was up $1.81. 691K shares changed hands in the last trading session. Trading volume was up 76.11% over the stocks average daily volume.
Traders are more bullish on shares of MDC Partners Inc. – Class A Sub lately if you put credence in the downtick in short interest. The firm realized a fall in short interest of -4.12% between September 29, 2017 and October 13, 2017. Short interest decreased from 1,523,174 to 1,460,484 over that timeframe. The short-interest ratio increased to 5.0 and the percentage of shorted shares was 0.03% on October 13.
These firms have modified their investment in MDCA. Palo Capital, Inc. downsized its ownership by selling 1,000 shares a decrease of 8.2% as of 09/30/2017. Palo Capital, Inc. now holds 11,202 shares with a value of $123,000. The value of the position overall is up by 1.7%. Meeder Asset Management Inc bolstered its holdings by buying 592 shares an increase of 123.3%. Meeder Asset Management Inc currently owns 1,072 shares worth $12,000. The total value of its holdings increased 140.0%.
As of quarter end Bank Of Montreal /can/ had acquired 4,414 shares growing its stake by 3,678.3%. The value of the company’s investment in MDC Partners Inc. – Class A Sub increased from $1,000 to $50,000 increasing 4,900.0% quarter to quarter. As of the end of the quarter Nationwide Fund Advisors had sold a total of 3,256 shares trimming its position 10.0%. The value of the investment in MDC Partners Inc. – Class A Sub went from $323,000 to $323,000 a change of 0.0% for the reporting period.
As of the latest earnings report the EPS was $-0.51 and is projected to be $0.34 for the current year with 58,440,000 shares outstanding. Next quarter’s EPS is estimated at $0.01 with next year’s EPS anticipated to be $0.56.
MDC Partners Inc., launched on July 1, 2013, 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 Business’s segments include Reportable Segment, All Other and Corporate. The Reportable segment consists of the Business’s integrated advertising, media and public relations service companies. The All Other segment consists of the companies that provide the Business’s specialist marketing offerings, such as direct marketing, sales promotion, market research, strategic communications, database and customer relationship management, data analytics and insights, corporate identity, and design and branding. The Reportable segment includes the operations of various companies, such as Allison & Partners, Anomaly, Crispin Porter + Bogusky, Doner, Forsman & Bodenfors, Hunter PR, kbs, MDC Media Partners and 72andSunny..Advertisement