Donald Smith & Company Has Decreased Its Yamana Gold (AUY) Stake by $521,736; Stock Price Declined; Act Ii Management LP Has Upped Its Stake in Mdc Partners (MDCA) by $825,000

February 15, 2018 - By Migdalia James

Dennis Leibowitz increased its stake in Mdc Partners Inc (MDCA) by 11.3% based on its latest 2017Q3 regulatory filing with the SEC. Act Ii Management Lp bought 75,000 shares as the company’s stock declined 3.33% while stock markets rallied. The hedge fund run by Dennis Leibowitz held 739,000 shares of the advertising company at the end of 2017Q3, valued at $8.13 million, up from 664,000 at the end of the previous reported quarter. Act Ii Management Lp who had been investing in Mdc Partners Inc for a number of months, seems to be bullish on the $560.26 million market cap company. It closed at $9.6 lastly. It is up 46.79% since February 15, 2017 and is downtrending. It has underperformed by 63.49% the S&P500.

Donald Smith & Company Inc decreased its stake in Yamana Gold (AUY) by 0.41% based on its latest 2017Q3 regulatory filing with the SEC. Donald Smith & Company Inc sold 260,868 shares as the company’s stock declined 9.06% while stock markets rallied. The institutional investor held 63.95M shares of the precious metals company at the end of 2017Q3, valued at $169.46M, down from 64.21M at the end of the previous reported quarter. Donald Smith & Company Inc who had been investing in Yamana Gold for a number of months, seems to be less bullish one the $3.19 billion market cap company. The stock decreased 1.59% or $0.055 during the last trading session, reaching $3.405. About 12.86M shares traded or 6.81% up from the average. Yamana Gold Inc. (NYSE:AUY) has declined 40.97% since February 15, 2017 and is downtrending. It has underperformed by 57.67% the S&P500.

Analysts await Yamana Gold Inc. (NYSE:AUY) to report earnings on February, 23. They expect $0.02 earnings per share, up 100.00% or $0.01 from last year’s $0.01 per share. AUY’s profit will be $18.74 million for 42.56 P/E if the $0.02 EPS becomes a reality. After $0.04 actual earnings per share reported by Yamana Gold Inc. for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

Among 13 analysts covering Yamana Gold Inc. (NYSE:AUY), 5 have Buy rating, 1 Sell and 7 Hold. Therefore 38% are positive. Yamana Gold Inc. had 43 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Yamana Gold Inc. (NYSE:AUY) earned “Mkt Perform” rating by Raymond James on Monday, January 18. The stock of Yamana Gold Inc. (NYSE:AUY) has “Buy” rating given on Wednesday, July 22 by HSBC. As per Friday, July 24, the company rating was initiated by IBC. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, October 17 report. The stock of Yamana Gold Inc. (NYSE:AUY) earned “Hold” rating by HSBC on Monday, October 26. The stock of Yamana Gold Inc. (NYSE:AUY) earned “Buy” rating by Credit Suisse on Friday, January 26. The stock of Yamana Gold Inc. (NYSE:AUY) earned “Buy” rating by RBC Capital Markets on Tuesday, July 18. On Monday, June 12 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating by TD Securities given on Friday, May 5. The firm has “Outperform” rating given on Monday, March 14 by Raymond James.

Donald Smith & Company Inc, which manages about $6.25 billion and $4.15B US Long portfolio, upped its stake in Citigroup (NYSE:C) by 101,780 shares to 1.80 million shares, valued at $131.08M in 2017Q3, according to the filing. It also increased its holding in Nabors Industries (NYSE:NBR) by 85,911 shares in the quarter, for a total of 2.16 million shares, and has risen its stake in Jetblue Airways (NASDAQ:JBLU).

Among 8 analysts covering MDC Partners (NASDAQ:MDCA), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. MDC Partners had 32 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $1000 target in Friday, August 4 report. The firm earned “Buy” rating on Monday, March 7 by Evercore. The rating was maintained by Wedbush on Thursday, August 20 with “Outperform”. The stock of MDC Partners Inc. (NASDAQ:MDCA) earned “Neutral” rating by Wedbush on Friday, February 17. The stock of MDC Partners Inc. (NASDAQ:MDCA) has “Hold” rating given on Friday, June 2 by RBC Capital Markets. The rating was maintained by BMO Capital Markets on Monday, October 16 with “Buy”. The rating was initiated by RBC Capital Markets with “Sector Perform” on Friday, October 7. RBC Capital Markets maintained it with “Hold” rating and $12.0 target in Monday, September 11 report. The company was maintained on Monday, September 11 by BMO Capital Markets. BMO Capital Markets downgraded the shares of MDCA in report on Friday, November 4 to “Market Perform” rating.

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By1 Migdalia James

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