Two Sigma Advisers LP Has $4.06 Million Position in MRC Global Inc. (NYSE:MRC)

Two Sigma Advisers LP decreased its holdings in MRC Global Inc. (NYSE:MRC - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 318,000 shares of the oil and gas company's stock after selling 39,800 shares during the quarter. Two Sigma Advisers LP owned 0.37% of MRC Global worth $4,064,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Huntington National Bank acquired a new position in shares of MRC Global in the 4th quarter worth $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 buying an additional 2,406 shares during the period. Meeder Asset Management Inc. acquired a new stake in MRC Global during the 4th quarter worth about $56,000. Quantinno Capital Management LP acquired a new stake in MRC Global during the 4th quarter worth about $129,000. Finally, Longboard Asset Management LP acquired a new stake in MRC Global during the 4th quarter worth about $134,000. Institutional investors own 94.97% of the company's stock.

Analysts Set New Price Targets

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

MRC Global Stock Down 0.7%

Shares of NYSE MRC traded down $0.09 during mid-day trading on Wednesday, reaching $12.53. 490,627 shares of the company traded hands, compared to its average volume of 642,220. The company's fifty day moving average is $11.54 and its two-hundred day moving average is $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 fifty-two week low of $9.23 and a fifty-two week high of $15.41. The stock has a market cap of $1.08 billion, a PE ratio of 14.40 and a beta of 1.63.

MRC Global (NYSE:MRC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. The business had revenue of $712.00 million for 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%. The firm's revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. On average, analysts expect that MRC Global Inc. will post 0.86 earnings per share for the current 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.