Universal Beteiligungs und Servicegesellschaft mbH Takes $2.20 Million Position in MRC Global Inc. (NYSE:MRC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $2.20 million in MRC Global Inc., acquiring 191,504 shares and now owns around 0.22% of the company.
• Multiple institutional investors have increased their stakes in MRC Global, with significant investments from Foundry Partners LLC and CarsonAllaria Wealth Management Ltd. among others.
• MRC Global's stock has seen forecasts from analysts adjusting price targets, with Stifel Nicolaus lowering it from $17.00 to $16.00 while maintaining a "buy" rating.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in MRC Global Inc. (NYSE:MRC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 191,504 shares of the oil and gas company's stock, valued at approximately $2,198,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.22% of MRC Global as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MRC. Hsbc Holdings PLC raised its holdings in shares of MRC Global by 3.7% during the fourth quarter. Hsbc Holdings PLC now owns 34,562 shares of the oil and gas company's stock valued at $440,000 after acquiring an additional 1,234 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of MRC Global by 3.8% during the fourth quarter. MetLife Investment Management LLC now owns 51,551 shares of the oil and gas company's stock valued at $659,000 after acquiring an additional 1,886 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of MRC Global by 2.0% during the fourth quarter. Federated Hermes Inc. now owns 104,601 shares of the oil and gas company's stock valued at $1,337,000 after acquiring an additional 2,003 shares in the last quarter. Sterling Capital Management LLC grew its stake in 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. Finally, EP Wealth Advisors LLC grew its stake in MRC Global by 19.6% in the fourth quarter. EP Wealth Advisors LLC now owns 15,682 shares of the oil and gas company's stock worth $200,000 after purchasing an additional 2,567 shares during the period. Institutional investors own 94.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Susquehanna reduced their price target on MRC Global from $15.00 to $13.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Wall Street Zen raised MRC Global from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Stifel Nicolaus reduced their price target on MRC Global from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, July 21st.

MRC Global Stock Down 5.5%

Shares of NYSE MRC traded down $0.81 during trading on Friday, reaching $13.87. The company had a trading volume of 718,516 shares, compared to its average volume of 868,638. MRC Global Inc. has a 12-month low of $9.23 and a 12-month high of $15.59. The stock has a market cap of $1.19 billion, a PE ratio of -126.09 and a beta of 1.61. The business's 50-day moving average is $13.31 and its 200 day moving average is $12.64. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.70.

MRC Global (NYSE:MRC - Get Free Report) last released its earnings results 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. MRC Global had a return on equity of 12.82% and a net margin of 0.47%. The firm had revenue of $712.00 million for the quarter, compared to analysts' expectations of $710.00 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The company's quarterly revenue was down 11.7% on a year-over-year basis. As a group, equities analysts forecast that MRC Global Inc. will post 0.86 earnings per share for the current fiscal year.

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.