Man Group plc Makes New $523,000 Investment in MRC Global Inc. (NYSE:MRC)

Man Group plc bought a new stake in shares of MRC Global Inc. (NYSE:MRC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,892 shares of the oil and gas company's stock, valued at approximately $523,000.

Several other hedge funds have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of MRC Global by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,261,364 shares of the oil and gas company's stock worth $28,900,000 after acquiring an additional 121,601 shares in the last quarter. Moore Capital Management LP acquired a new stake in shares of MRC Global during the fourth quarter valued at about $3,191,000. Lazard Asset Management LLC lifted its stake in MRC Global by 65.5% during the 4th quarter. Lazard Asset Management LLC now owns 139,124 shares of the oil and gas company's stock worth $1,777,000 after acquiring an additional 55,057 shares in the last quarter. Gotham Asset Management LLC boosted its position in MRC Global by 14.3% in the 4th quarter. Gotham Asset Management LLC now owns 63,312 shares of the oil and gas company's stock valued at $809,000 after buying an additional 7,917 shares during the period. Finally, Graham Capital Management L.P. acquired a new position in shares of MRC Global during the fourth quarter worth about $592,000. Institutional investors and hedge funds own 94.97% of the company's stock.

MRC Global Stock Down 0.4%

Shares of MRC traded down $0.05 during trading hours on Friday, reaching $12.49. The company's stock had a trading volume of 65,735 shares, compared to its average volume of 745,614. MRC Global Inc. has a 1-year low of $9.23 and a 1-year high of $15.41. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 14.36 and a beta of 1.63. The company has a 50 day moving average of $11.56 and a two-hundred day moving average of $12.63.

MRC Global (NYSE:MRC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The business had revenue of $712.00 million for the quarter, compared to analyst estimates of $710.00 million. During the same period last year, the business posted $0.20 EPS. MRC Global's revenue was down 11.7% compared to the same quarter last year. As a group, research analysts predict that MRC Global Inc. will post 0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Stifel Nicolaus upped their price objective on MRC Global from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Loop Capital decreased their price target on MRC Global from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Wall Street Zen downgraded shares of MRC Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Susquehanna dropped their price objective on MRC Global from $15.00 to $13.00 and set a "positive" rating on the stock in a report on Monday, April 14th.

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.