MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in MRC Global Inc. (NYSE:MRC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in MRC Global Inc. (NYSE:MRC - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,261,364 shares of the oil and gas company's stock after purchasing an additional 121,601 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.65% of MRC Global worth $28,900,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MRC. Huntington National Bank acquired a new position in MRC Global during the fourth quarter worth $34,000. Sterling Capital Management LLC increased its position in shares of MRC Global by 821.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 2,406 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of MRC Global in the 4th quarter worth about $56,000. Longboard Asset Management LP acquired a new stake in shares of MRC Global in the 4th quarter worth about $134,000. Finally, Ieq Capital LLC acquired a new position in MRC Global during the 4th quarter valued at about $187,000. 94.97% of the stock is currently owned by institutional investors.

MRC Global Stock Performance

MRC Global stock traded down $0.05 during mid-day trading on Tuesday, reaching $12.75. 48,232 shares of the company's stock were exchanged, compared to its average volume of 762,746. The business's fifty day simple moving average is $11.46 and its 200 day simple moving average is $12.67. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. MRC Global Inc. has a one year low of $9.23 and a one year high of $15.41. The firm has a market capitalization of $1.10 billion, a PE ratio of 14.66 and a beta of 1.63.

MRC Global (NYSE:MRC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The firm had revenue of $712.00 million during 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 business's revenue was down 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. On average, sell-side analysts expect that MRC Global Inc. will post 0.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MRC shares. Loop Capital decreased their price target on MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Stifel Nicolaus lifted their price objective on shares of MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Susquehanna lowered their target price on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a report on Monday, April 14th. Finally, StockNews.com cut shares of MRC Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th.

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.