MRC Global Inc. (NYSE:MRC) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in MRC Global Inc. (NYSE:MRCFree Report) by 188.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,987 shares of the oil and gas company’s stock after buying an additional 18,286 shares during the period. Quantbot Technologies LP’s holdings in MRC Global were worth $287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MRC. JPMorgan Chase & Co. boosted its position in shares of MRC Global by 6.3% in the first quarter. JPMorgan Chase & Co. now owns 1,193,387 shares of the oil and gas company’s stock worth $14,213,000 after buying an additional 70,482 shares during the period. Raymond James & Associates raised its holdings in shares of MRC Global by 63.4% during the first quarter. Raymond James & Associates now owns 30,327 shares of the oil and gas company’s stock worth $361,000 after acquiring an additional 11,764 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of MRC Global by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 337,546 shares of the oil and gas company’s stock worth $4,020,000 after acquiring an additional 1,473 shares in the last quarter. Group One Trading L.P. raised its holdings in shares of MRC Global by 115.3% during the first quarter. Group One Trading L.P. now owns 22,144 shares of the oil and gas company’s stock worth $264,000 after acquiring an additional 167,059 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of MRC Global during the first quarter worth $190,000.

Analysts Set New Price Targets

Several analysts recently issued reports on MRC shares. StockNews.com upgraded MRC Global from a “hold” rating to a “buy” rating in a report on Saturday, November 11th. Susquehanna increased their price objective on MRC Global from $12.00 to $13.00 and gave the stock a “positive” rating in a report on Thursday, November 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, MRC Global has an average rating of “Buy” and an average target price of $14.75.

Check Out Our Latest Stock Report on MRC Global

MRC Global Price Performance

NYSE MRC opened at $10.69 on Friday. MRC Global Inc. has a fifty-two week low of $8.15 and a fifty-two week high of $13.70. The stock’s 50-day moving average is $10.56 and its two-hundred day moving average is $10.30. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.03. The firm has a market cap of $901.17 million, a P/E ratio of 10.18 and a beta of 1.99.

MRC Global (NYSE:MRCGet Free Report) last posted its earnings results on Tuesday, November 7th. The oil and gas company reported $0.32 earnings per share for the quarter, meeting the consensus estimate 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 analyst estimates of $942.16 million. During the same period last year, the company earned $0.42 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. On average, analysts anticipate that MRC Global Inc. will post 0.98 earnings per share for the current fiscal year.

MRC Global Company Profile

(Free Report)

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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Institutional Ownership by Quarter for MRC Global (NYSE:MRC)

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