EntryPoint Capital LLC Purchases Shares of 42,106 MRC Global Inc. $MRC

Key Points

• EntryPoint Capital LLC has invested approximately $483,000 in MRC Global Inc., acquiring 42,106 shares in the first quarter.
• Several institutional investors have significantly increased their holdings in MRC Global, with Lord Abbett & CO. LLC raising its stake by 336% during the same quarter.
• MRC Global reported earnings of $0.25 per share for the last quarter, exceeding analyst expectations, but experienced a 4.1% decline in revenue compared to the previous year.

EntryPoint Capital LLC purchased a new position in shares of MRC Global Inc. (NYSE:MRC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 42,106 shares of the oil and gas company's stock, valued at approximately $483,000.

A number of other hedge funds have also made changes to their positions in MRC. Sterling Capital Management LLC grew its position in shares of MRC Global by 821.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company's stock worth $34,000 after buying an additional 2,406 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of MRC Global during the first quarter worth approximately $44,000. Meeder Asset Management Inc. grew its position in shares of MRC Global by 24.7% during the first quarter. Meeder Asset Management Inc. now owns 5,462 shares of the oil and gas company's stock worth $63,000 after buying an additional 1,081 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of MRC Global during the fourth quarter worth approximately $129,000. Finally, GAMMA Investing LLC grew its position in shares of MRC Global by 1,576.2% during the first quarter. GAMMA Investing LLC now owns 14,063 shares of the oil and gas company's stock worth $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 Price Performance

MRC stock traded up $0.27 during trading on Tuesday, hitting $15.05. The company had a trading volume of 90,477 shares, compared to its average volume of 850,258. MRC Global Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $15.59. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -62.64 and a beta of 1.65. The business has a 50 day moving average of $13.78 and a 200 day moving average of $12.57.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on MRC. Wall Street Zen raised shares of MRC Global from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Zacks Research raised shares of MRC Global to a "hold" rating in a report on Friday, August 8th. Susquehanna boosted their price target on shares of MRC Global from $14.00 to $15.00 and gave the company a "positive" rating in a report on Thursday, August 7th. Finally, Stifel Nicolaus reduced 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, July 21st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.00.

MRC Global 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.