Renaissance Technologies LLC Increases Stock Position in MDC Partners Inc (NASDAQ:MDCA)

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Renaissance Technologies LLC increased its position in MDC Partners Inc (NASDAQ:MDCA) by 252.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 232,400 shares of the business services provider’s stock after acquiring an additional 166,400 shares during the period. Renaissance Technologies LLC owned about 0.40% of MDC Partners worth $586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MDCA. BNP Paribas Arbitrage SA raised its holdings in MDC Partners by 204.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,685 shares of the business services provider’s stock worth $26,000 after acquiring an additional 7,853 shares during the last quarter. Picton Mahoney Asset Management raised its stake in MDC Partners by 31.3% during the 2nd quarter. Picton Mahoney Asset Management now owns 656,743 shares of the business services provider’s stock valued at $1,655,000 after buying an additional 156,743 shares during the last quarter. Schroder Investment Management Group raised its stake in MDC Partners by 3.4% during the 2nd quarter. Schroder Investment Management Group now owns 3,079,693 shares of the business services provider’s stock valued at $7,761,000 after buying an additional 101,613 shares during the last quarter. Bank of New York Mellon Corp raised its stake in MDC Partners by 9.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 168,127 shares of the business services provider’s stock valued at $424,000 after buying an additional 14,524 shares during the last quarter. Finally, ARS Investment Partners LLC raised its stake in MDC Partners by 133.6% during the 2nd quarter. ARS Investment Partners LLC now owns 201,060 shares of the business services provider’s stock valued at $507,000 after buying an additional 115,000 shares during the last quarter. Institutional investors own 68.52% of the company’s stock.

Shares of MDCA opened at $2.69 on Friday. The firm has a fifty day simple moving average of $2.63 and a two-hundred day simple moving average of $2.54. MDC Partners Inc has a 1-year low of $1.65 and a 1-year high of $3.53.

MDC Partners (NASDAQ:MDCA) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.12). The business had revenue of $362.13 million for 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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Institutional Ownership by Quarter for MDC Partners (NASDAQ:MDCA)

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