Guyasuta Investment Advisors Inc. Sells 32,815 Shares of MRC Global Inc. (NYSE:MRC)

Guyasuta Investment Advisors Inc. reduced its holdings in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 52.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,570 shares of the oil and gas company's stock after selling 32,815 shares during the period. Guyasuta Investment Advisors Inc.'s holdings in MRC Global were worth $339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MRC. Huntington National Bank bought a new position in shares of MRC Global in the fourth quarter worth approximately $34,000. Sterling Capital Management LLC boosted its position in shares of MRC Global by 821.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company's stock worth $34,000 after purchasing an additional 2,406 shares during the period. Meeder Asset Management Inc. bought a new position in shares of MRC Global in the fourth quarter worth approximately $56,000. Quantinno Capital Management LP bought a new position in shares of MRC Global in the fourth quarter worth approximately $129,000. Finally, GAMMA Investing LLC boosted 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 worth $161,000 after purchasing an additional 13,224 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

MRC Global Price Performance

Shares of NYSE:MRC traded up $0.17 during midday trading on Friday, reaching $12.89. 920,221 shares of the company were exchanged, compared to its average volume of 645,073. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.70. The business's fifty day moving average is $12.19 and its two-hundred day moving average is $12.49. MRC Global Inc. has a one year low of $9.23 and a one year high of $15.41. The stock has a market cap of $1.11 billion, a PE ratio of -117.16 and a beta of 1.61.

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 for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. MRC Global had a net margin of 0.47% and a return on equity of 12.82%. The firm had revenue of $712.00 million during the quarter, compared to analyst estimates of $710.00 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. MRC Global's revenue for the quarter was down 11.7% on a year-over-year basis. As a group, analysts predict that MRC Global Inc. will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on MRC shares. Wall Street Zen upgraded shares of MRC Global from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Susquehanna dropped their price target on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Loop Capital dropped their price target on shares of MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Finally, Stifel Nicolaus upped their target price on shares of MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th.

About MRC Global

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.