MRC Global Inc. $MRC Holdings Cut by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in MRC Global by 0.8%, selling 30,263 shares and retaining approximately 4.61% of the company, valued at $45.6 million.
• Several institutional investors, including Sterling Capital Management and GAMMA Investing LLC, significantly increased their holdings in MRC Global during recent quarters.
• MRC Global had a positive earnings report for the last quarter, beating analysts' estimates with $0.25 earnings per share and $798 million in revenue.

Fuller & Thaler Asset Management Inc. lowered its stake in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,968,562 shares of the oil and gas company's stock after selling 30,263 shares during the period. Fuller & Thaler Asset Management Inc. owned 4.61% of MRC Global worth $45,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in MRC Global by 52.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,234 shares of the oil and gas company's stock valued at $270,000 after purchasing an additional 8,034 shares in the last quarter. GAMMA Investing LLC raised its position in shares of MRC Global by 1,576.2% in the first 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 during the last quarter. SG Americas Securities LLC lifted its stake in shares of MRC Global by 19.6% during the first quarter. SG Americas Securities LLC now owns 44,586 shares of the oil and gas company's stock valued at $512,000 after buying an additional 7,301 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of MRC Global by 67.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 50,719 shares of the oil and gas company's stock valued at $582,000 after buying an additional 20,455 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in MRC Global by 8.8% during the fourth quarter. BNP Paribas Financial Markets now owns 59,780 shares of the oil and gas company's stock worth $764,000 after acquiring an additional 4,831 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

MRC Global Stock Up 5.6%

Shares of MRC Global stock traded up $0.7880 on Friday, hitting $14.9680. 713,808 shares of the company's stock traded hands, compared to its average volume of 796,616. MRC Global Inc. has a 52-week low of $9.23 and a 52-week high of $15.59. The company has a quick ratio of 1.00, a current ratio of 1.84 and a debt-to-equity ratio of 0.83. The stock has a market cap of $1.27 billion, a P/E ratio of -62.37 and a beta of 1.65. The firm's 50-day moving average is $13.74 and its 200 day moving average is $12.57.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on MRC shares. Zacks Research upgraded MRC Global to a "hold" rating in a report on Friday, August 8th. Stifel Nicolaus dropped their target price on MRC Global from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Wall Street Zen upgraded MRC Global from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Susquehanna raised their price target on MRC Global from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, MRC Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

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.