CastleKnight Management LP Sells 25,100 Shares of MRC Global Inc. (NYSE:MRC)

CastleKnight Management LP decreased its stake in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 14.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,500 shares of the oil and gas company's stock after selling 25,100 shares during the quarter. CastleKnight Management LP owned about 0.17% of MRC Global worth $1,859,000 at the end of the most recent quarter.

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

MRC Global Trading Up 0.5 %

NYSE:MRC opened at $12.15 on Tuesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.97 and a beta of 1.67. The firm has a fifty day simple moving average of $11.25 and a two-hundred day simple moving average of $12.65. The company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. MRC Global Inc. has a 12 month low of $9.23 and a 12 month high of $15.41.

MRC Global (NYSE:MRC - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The oil and gas company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The business had revenue of $736.80 million for the quarter, compared to analysts' expectations of $726.90 million. During the same period last year, the business earned $0.23 EPS. The business's revenue was down 10.3% on a year-over-year basis. Analysts expect that MRC Global Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MRC has been the subject of a number of analyst reports. Susquehanna dropped their price target on MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus cut their price target on shares of MRC Global from $17.00 to $16.00 and set a "buy" rating for the company in a report on Monday, March 17th. Loop Capital decreased their price objective 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. Finally, StockNews.com downgraded MRC Global from a "buy" rating to a "hold" rating in a report on Monday, March 17th.

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.

Want to see what other hedge funds are holding MRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MRC Global Inc. (NYSE:MRC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.