21,100 Shares in MRC Global Inc. (NYSE:MRC) Acquired by Shay Capital LLC

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

Several other hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in shares of 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 purchasing an additional 1,234 shares during the last quarter. Swiss National Bank lifted its stake in MRC Global by 0.9% in the 4th quarter. Swiss National Bank now owns 167,649 shares of the oil and gas company's stock valued at $2,143,000 after buying an additional 1,500 shares in the last quarter. MetLife Investment Management LLC grew its holdings in MRC Global by 3.8% during the 4th quarter. MetLife Investment Management LLC now owns 51,551 shares of the oil and gas company's stock valued at $659,000 after buying an additional 1,886 shares during the last quarter. Federated Hermes Inc. increased its position in MRC Global by 2.0% during the fourth quarter. Federated Hermes Inc. now owns 104,601 shares of the oil and gas company's stock worth $1,337,000 after buying an additional 2,003 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of 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 worth $427,000 after acquiring an additional 2,219 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MRC. Stifel Nicolaus lifted their price objective on MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wall Street Zen cut shares of MRC Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Loop Capital cut their price objective on shares of MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Finally, Susquehanna reduced their price objective 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.

MRC Global Trading Down 0.6%

NYSE MRC traded down $0.08 during trading hours on Thursday, hitting $12.33. 145,991 shares of the company's stock were exchanged, compared to its average volume of 757,411. The business's 50 day moving average is $11.51 and its 200-day moving average 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 12-month low of $9.23 and a 12-month high of $15.41. The firm has a market capitalization of $1.06 billion, a P/E ratio of 14.17 and a beta of 1.63.

MRC Global (NYSE:MRC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The business had revenue of $712.00 million for the quarter, compared to analyst estimates of $710.00 million. During the same period in the prior year, the firm posted $0.20 EPS. The company's revenue was down 11.7% on a year-over-year basis. As a group, analysts anticipate that MRC Global Inc. will post 0.86 EPS for the current fiscal year.

About MRC Global

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.