Pzena Investment Management LLC Has $77.09 Million Stock Holdings in MRC Global Inc. (NYSE:MRC)

Pzena Investment Management LLC cut its holdings in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,001,859 shares of the oil and gas company's stock after selling 446,311 shares during the quarter. Pzena Investment Management LLC owned 8.31% of MRC Global worth $77,090,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in shares of MRC Global by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,327,337 shares of the oil and gas company's stock valued at $36,635,000 after acquiring an additional 36,845 shares in the last quarter. Wellington Management Group LLP raised its stake in MRC Global by 22.9% in the third quarter. Wellington Management Group LLP now owns 3,010,991 shares of the oil and gas company's stock valued at $30,863,000 after buying an additional 561,706 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in MRC Global by 1.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 2,094,016 shares of the oil and gas company's stock worth $21,464,000 after buying an additional 20,086 shares during the last quarter. American Century Companies Inc. boosted its position in shares of MRC Global by 24.9% during the 3rd quarter. American Century Companies Inc. now owns 1,989,178 shares of the oil and gas company's stock worth $20,389,000 after acquiring an additional 397,145 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of MRC Global by 26.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 919,630 shares of the oil and gas company's stock valued at $9,426,000 after acquiring an additional 193,136 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

MRC Global Stock Performance

MRC stock traded down $0.29 during trading on Wednesday, hitting $13.37. The company had a trading volume of 453,552 shares, compared to its average volume of 583,717. MRC Global Inc. has a 1-year low of $8.15 and a 1-year high of $14.02. The firm has a 50-day moving average price of $12.42 and a 200-day moving average price of $11.42. The company has a quick ratio of 0.81, a current ratio of 1.48 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.14 billion, a PE ratio of 15.55 and a beta of 2.01.

MRC Global (NYSE:MRC - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.11 by $0.09. The business had revenue of $806.00 million during the quarter, compared to analysts' expectations of $760.76 million. MRC Global had a return on equity of 23.60% and a net margin of 2.97%. The company's quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, analysts expect that MRC Global Inc. will post 0.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MRC shares. Stephens reaffirmed an "overweight" rating and issued a $17.00 price target on shares of MRC Global in a report on Wednesday, February 14th. Susquehanna increased their target price on shares of MRC Global from $15.00 to $16.00 and gave the company a "positive" rating in a research report on Friday, May 10th. Finally, StockNews.com raised shares of MRC Global from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $15.67.

Insider Activity

In related news, Director Leonard M. Anthony sold 40,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $13.78, for a total transaction of $551,200.00. Following the completion of the transaction, the director now directly owns 101,120 shares of the company's stock, valued at $1,393,433.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Grant R. Bates sold 4,698 shares of the company's stock in a transaction on Friday, May 17th. The shares were sold at an average price of $13.76, for a total transaction of $64,644.48. Following the transaction, the insider now directly owns 145,191 shares of the company's stock, valued at approximately $1,997,828.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leonard M. Anthony sold 40,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $13.78, for a total transaction of $551,200.00. Following the completion of the transaction, the director now directly owns 101,120 shares of the company's stock, valued at $1,393,433.60. The disclosure for this sale can be found here. Insiders have sold a total of 90,698 shares of company stock valued at $1,242,374 over the last quarter. Corporate insiders own 20.90% of the company's stock.

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.