Shay Capital LLC Invests $270,000 in MRC Global Inc. (NYSE:MRC)

Shay Capital LLC bought a new position in shares of MRC Global Inc. (NYSE:MRC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,100 shares of the oil and gas company's stock, valued at approximately $270,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in MRC Global by 3.7% in the fourth quarter. Hsbc Holdings PLC now owns 34,562 shares of the oil and gas company's stock valued at $440,000 after acquiring an additional 1,234 shares during the last quarter. Swiss National Bank increased its stake in MRC Global by 0.9% in the fourth quarter. Swiss National Bank now owns 167,649 shares of the oil and gas company's stock valued at $2,143,000 after acquiring an additional 1,500 shares during the last quarter. MetLife Investment Management LLC increased its stake in MRC Global by 3.8% in the fourth quarter. MetLife Investment Management LLC now owns 51,551 shares of the oil and gas company's stock valued at $659,000 after acquiring an additional 1,886 shares during the last quarter. Federated Hermes Inc. increased its stake in MRC Global by 2.0% in the fourth quarter. Federated Hermes Inc. now owns 104,601 shares of the oil and gas company's stock valued at $1,337,000 after acquiring an additional 2,003 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in MRC Global by 7.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 33,422 shares of the oil and gas company's stock valued at $427,000 after acquiring an additional 2,219 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MRC has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Susquehanna decreased their target price on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. StockNews.com cut shares of MRC Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Loop Capital decreased their target price on shares of MRC Global from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th.

MRC Global Trading Down 0.9%

Shares of NYSE:MRC traded down $0.12 during mid-day trading on Tuesday, reaching $12.68. 364,796 shares of the company's stock were exchanged, compared to its average volume of 641,878. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.57 and a beta of 1.63. The business's fifty day moving average price is $11.46 and its 200-day moving average price is $12.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.99. MRC Global Inc. has a twelve month low of $9.23 and a twelve month high of $15.41.

MRC Global (NYSE:MRC - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $712.00 million for the quarter, compared to analyst estimates of $710.00 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. MRC Global's revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, research analysts predict that MRC Global Inc. will post 0.86 EPS for the current fiscal year.

MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.