Bridgeway Capital Management LLC Grows Stock Holdings in MRC Global Inc. (NYSE:MRC)

Bridgeway Capital Management LLC raised its stake in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 56.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 601,014 shares of the oil and gas company's stock after buying an additional 217,874 shares during the period. Bridgeway Capital Management LLC owned about 0.71% of MRC Global worth $7,681,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Huntington National Bank purchased a new position in MRC Global during the fourth quarter valued at approximately $34,000. Sterling Capital Management LLC grew its stake in shares of MRC Global by 821.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company's stock worth $34,000 after purchasing an additional 2,406 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of MRC Global during the 4th quarter valued at approximately $56,000. Longboard Asset Management LP acquired a new position in shares of MRC Global in the 4th quarter valued at $134,000. Finally, Ieq Capital LLC purchased a new stake in MRC Global during the fourth quarter worth $187,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MRC shares. Susquehanna cut their price objective on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a report on Monday, April 14th. Stifel Nicolaus lifted their price target on MRC Global from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday. Loop Capital lowered their price target on MRC Global from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Finally, StockNews.com upgraded MRC Global from a "hold" rating to a "buy" rating in a research report on Wednesday.

MRC Global Price Performance

Shares of MRC stock traded down $0.08 on Friday, reaching $12.27. 768,969 shares of the company were exchanged, compared to its average volume of 642,922. MRC Global Inc. has a 1 year low of $9.23 and a 1 year high of $15.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.99. The business has a 50-day moving average price of $11.27 and a 200 day moving average price of $12.63. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 14.10 and a beta of 1.63.

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