40,892 Shares in MRC Global Inc. (NYSE:MRC) Bought by Man Group plc

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 disclosure with the Securities and Exchange Commission. The fund bought 40,892 shares of the oil and gas company's stock, valued at approximately $523,000.

A number of other hedge funds have also added to or reduced their stakes in MRC. Huntington National Bank purchased a new position in MRC Global during the 4th quarter valued at about $34,000. Sterling Capital Management LLC grew its holdings in MRC Global by 821.2% during 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 buying an additional 2,406 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in MRC Global during the 4th quarter valued at about $56,000. Longboard Asset Management LP purchased a new position in MRC Global during the 4th quarter valued at about $134,000. Finally, Ieq Capital LLC purchased a new position in MRC Global during the 4th quarter valued at about $187,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

MRC Global Price Performance

MRC traded down $0.03 during midday trading on Thursday, hitting $12.50. The stock had a trading volume of 288,230 shares, compared to its average volume of 641,968. The company has a market cap of $1.08 billion, a P/E ratio of 14.34 and a beta of 1.63. The business has a fifty day moving average of $11.55 and a 200 day moving average of $12.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.99. MRC Global Inc. has a 1 year low of $9.23 and a 1 year high of $15.41.

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

Wall Street Analyst Weigh In

MRC has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective on MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wall Street Zen lowered MRC Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Loop Capital cut their price objective on MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Finally, Susquehanna cut their price objective on MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a report on Monday, April 14th.

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.