MRC Global Inc. $MRC Shares Bought by Cramer Rosenthal Mcglynn LLC

Key Points

• Cramer Rosenthal Mcglynn LLC increased its stake in MRC Global Inc. by 64.0%, acquiring an additional 508,723 shares, bringing their total ownership to 1,303,210 shares valued at approximately $14.96 million.
• MRC Global reported $798 million in revenue for the last quarter, surpassing analyst estimates, while earnings came in at $0.25 EPS, slightly above the consensus forecast of $0.23 EPS.
• Research analysts have generally positive sentiments about MRC Global, with an average rating of "Moderate Buy" and a targeted price of $16.00 for the stock.

Cramer Rosenthal Mcglynn LLC raised its position in MRC Global Inc. (NYSE:MRC - Free Report) by 64.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,303,210 shares of the oil and gas company's stock after acquiring an additional 508,723 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 1.51% of MRC Global worth $14,961,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in shares of MRC Global in the first quarter valued at $44,000. Meeder Asset Management Inc. lifted its holdings in MRC Global by 24.7% in the 1st 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 position in MRC Global in the 4th quarter worth $129,000. Virtus Advisers LLC purchased a new position in MRC Global in the 1st quarter valued at about $139,000. Finally, GAMMA Investing LLC grew its stake 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 valued at $161,000 after acquiring an additional 13,224 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

MRC Global Stock Performance

Shares of NYSE MRC traded up $0.22 during trading on Thursday, reaching $15.35. The stock had a trading volume of 341,920 shares, compared to its average volume of 710,164. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.00 and a current ratio of 1.84. The stock has a market cap of $1.31 billion, a PE ratio of -63.98 and a beta of 1.65. MRC Global Inc. has a one year low of $9.23 and a one year high of $15.59. The firm's 50 day moving average price is $13.93 and its two-hundred day moving average price is $12.62.

MRC Global (NYSE:MRC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $798.00 million for the quarter, compared to analysts' expectations of $784.60 million. During the same period last year, the business posted $0.28 earnings per share. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. On average, research analysts forecast that MRC Global Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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