Two Sigma Advisers LP Cuts Position in MRC Global Inc. (NYSE:MRC)

Two Sigma Advisers LP reduced its position in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 318,000 shares of the oil and gas company's stock after selling 39,800 shares during the period. Two Sigma Advisers LP owned about 0.37% of MRC Global worth $4,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank bought a new position in shares of MRC Global during the fourth quarter worth about $34,000. Sterling Capital Management LLC raised 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 worth $34,000 after purchasing an additional 2,406 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of MRC Global in the 4th quarter worth approximately $56,000. Quantinno Capital Management LP acquired a new position in shares of MRC Global in the 4th quarter worth approximately $129,000. Finally, Longboard Asset Management LP bought a new stake in shares of MRC Global in the 4th quarter valued at $134,000. Institutional investors and hedge funds own 94.97% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MRC. Stifel Nicolaus lifted their target price on shares of MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Loop Capital dropped their price objective 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. Susquehanna cut their target price on MRC Global from $15.00 to $13.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Finally, Wall Street Zen downgraded MRC Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.

MRC Global Stock Down 1.1%

Shares of NYSE:MRC traded down $0.13 during trading on Friday, reaching $12.41. 91,117 shares of the stock were exchanged, compared to its average volume of 642,412. MRC Global Inc. has a 1-year low of $9.23 and a 1-year high of $15.41. The stock has a fifty day moving average of $11.56 and a two-hundred day moving average of $12.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 14.29 and a beta of 1.63.

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 for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. The company had revenue of $712.00 million for the quarter, compared to analyst estimates of $710.00 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The firm's revenue was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 EPS. Research analysts anticipate that MRC Global Inc. will post 0.86 earnings per share for the current fiscal year.

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.