Wintrust Investments LLC bought a new position in shares of MRC Global Inc. (NYSE:MRC – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 657,860 shares of the oil and gas company’s stock, valued at approximately $6,625,000. MRC Global accounts for approximately 0.7% of Wintrust Investments LLC’s holdings, making the stock its 29th biggest holding.
Other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions Corp. acquired a new position in shares of MRC Global during the 4th quarter worth about $45,000. Quarry LP lifted its holdings in shares of MRC Global by 542.4% during the 1st quarter. Quarry LP now owns 5,242 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 4,426 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of MRC Global during the 1st quarter valued at about $52,000. Lazard Asset Management LLC bought a new position in shares of MRC Global during the 1st quarter valued at about $96,000. Finally, Ensign Peak Advisors Inc bought a new position in shares of MRC Global during the 3rd quarter valued at about $61,000.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. StockNews.com upgraded MRC Global from a “hold” rating to a “buy” rating in a report on Saturday. Loop Capital started coverage on MRC Global in a report on Monday, October 2nd. They set a “buy” rating and a $14.00 price objective on the stock. Stephens restated an “overweight” rating and issued a $17.00 target price on shares of MRC Global in a research note on Tuesday, August 8th. Finally, Susquehanna boosted their target price on MRC Global from $12.00 to $13.00 and gave the company a “positive” rating in a research note on Thursday, November 9th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $14.75.
MRC Global Trading Up 3.7 %
NYSE MRC opened at $10.94 on Wednesday. The stock has a market capitalization of $921.82 million, a price-to-earnings ratio of 10.41 and a beta of 2.15. The stock’s 50 day moving average price is $10.21 and its two-hundred day moving average price is $9.92. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.03 and a current ratio of 2.08. MRC Global Inc. has a 52 week low of $8.15 and a 52 week high of $13.90.
MRC Global (NYSE:MRC – Get Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. MRC Global had a return on equity of 30.19% and a net margin of 3.25%. The company had revenue of $888.00 million for the quarter, compared to analysts’ expectations of $942.16 million. During the same quarter in the prior year, the business posted $0.42 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. As a group, analysts anticipate that MRC Global Inc. will post 1.08 earnings per share for the current fiscal year.
MRC Global Profile
MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the gas utility, energy, and industrial end-markets in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products.
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