Arkadios Wealth Advisors Purchases Shares of 32,000 MRC Global Inc. (NYSE:MRC)

Key Points

• Arkadios Wealth Advisors has made a new investment in MRC Global Inc., purchasing 32,000 shares valued at approximately $367,000 in the first quarter.
• Institutional ownership of MRC Global is significant, with 94.97% of the stock owned by institutional investors and hedge funds.
• MRC Global reported an EPS of $0.14 for the last quarter, exceeding analyst expectations, although its revenue decreased by 11.7% compared to the same quarter last year.

Arkadios Wealth Advisors acquired a new position in MRC Global Inc. (NYSE:MRC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,000 shares of the oil and gas company's stock, valued at approximately $367,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MRC. Huntington National Bank acquired a new stake in shares of MRC Global in the 4th quarter worth approximately $34,000. Sterling Capital Management LLC lifted its holdings in shares of MRC Global by 821.2% in the fourth 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 in the last quarter. Meeder Asset Management Inc. increased its stake in shares of MRC Global by 24.7% during the 1st quarter. Meeder Asset Management Inc. now owns 5,462 shares of the oil and gas company's stock worth $63,000 after purchasing an additional 1,081 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of MRC Global during the 4th quarter worth approximately $129,000. Finally, GAMMA Investing LLC lifted its stake in MRC Global by 1,576.2% in the 1st quarter. GAMMA Investing LLC now owns 14,063 shares of the oil and gas company's stock valued at $161,000 after buying an additional 13,224 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

MRC Global Trading Up 0.6%

MRC Global stock traded up $0.08 during trading on Friday, hitting $14.09. The company's stock had a trading volume of 1,088,774 shares, compared to its average volume of 1,174,215. The stock's fifty day moving average is $13.49 and its 200 day moving average is $12.63. MRC Global Inc. has a 1-year low of $9.23 and a 1-year high of $15.59. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -58.71 and a beta of 1.65. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 1.84.

MRC Global (NYSE:MRC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. MRC Global had a positive return on equity of 11.81% and a negative net margin of 0.10%. The company had revenue of $798.00 million for the quarter, compared to the consensus estimate of $784.60 million. During the same period last year, the business posted $0.28 EPS. The company's quarterly revenue was down 4.1% compared to the same quarter last year. As a group, equities research analysts predict that MRC Global Inc. will post 0.86 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MRC. Susquehanna boosted their price target on MRC Global from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Thursday. Wall Street Zen raised shares of MRC Global from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Stifel Nicolaus decreased their price target on shares of MRC Global from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, July 21st.

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.