MRC Global Inc. (NYSE:MRC) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in MRC Global Inc. (NYSE:MRC - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 806,146 shares of the oil and gas company's stock after selling 113,484 shares during the period. Assenagon Asset Management S.A. owned 0.96% of MRC Global worth $8,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in shares of MRC Global during the 3rd quarter worth about $33,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of MRC Global during the 4th quarter worth about $45,000. Luminus Management LLC acquired a new stake in shares of MRC Global during the 3rd quarter worth about $42,000. Quarry LP boosted its stake in shares of MRC Global by 542.4% during the 1st quarter. Quarry LP now owns 5,242 shares of the oil and gas company's stock worth $51,000 after purchasing an additional 4,426 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of MRC Global during the 1st quarter worth about $96,000. 94.97% of the stock is owned by institutional investors and hedge funds.

MRC Global Trading Up 0.1 %

Shares of MRC traded up $0.01 during mid-day trading on Friday, hitting $12.57. The company had a trading volume of 397,463 shares, compared to its average volume of 451,137. The business's 50-day simple moving average is $11.59 and its 200-day simple moving average is $10.84. The company has a quick ratio of 0.76, a current ratio of 1.48 and a debt-to-equity ratio of 0.02. MRC Global Inc. has a 1-year low of $8.15 and a 1-year high of $12.81. The stock has a market cap of $1.06 billion, a PE ratio of 12.09 and a beta of 1.99.

MRC Global (NYSE:MRC - Get Free Report) last released its earnings results on Tuesday, February 13th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.12. MRC Global had a net margin of 3.34% and a return on equity of 26.92%. The business had revenue of $768.00 million for the quarter, compared to analysts' expectations of $810.52 million. During the same period last year, the company earned $0.32 earnings per share. The company's quarterly revenue was down 11.6% on a year-over-year basis. Sell-side analysts forecast that MRC Global Inc. will post 0.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Stephens reaffirmed an "overweight" rating and set a $17.00 price target on shares of MRC Global in a research note on Wednesday, February 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $14.75.

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.