PDT Partners LLC Decreases Holdings in MRC Global Inc. (NYSE:MRC)

PDT Partners LLC trimmed its holdings in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 47.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,050 shares of the oil and gas company's stock after selling 39,151 shares during the quarter. PDT Partners LLC owned approximately 0.05% of MRC Global worth $563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MRC. Hsbc Holdings PLC raised its position in shares of MRC Global by 3.7% during the 4th quarter. Hsbc Holdings PLC now owns 34,562 shares of the oil and gas company's stock worth $440,000 after purchasing an additional 1,234 shares during the last quarter. Swiss National Bank boosted its stake in shares of MRC Global by 0.9% in the fourth quarter. Swiss National Bank now owns 167,649 shares of the oil and gas company's stock worth $2,143,000 after acquiring an additional 1,500 shares during the last quarter. MetLife Investment Management LLC raised its stake in MRC Global by 3.8% in the 4th quarter. MetLife Investment Management LLC now owns 51,551 shares of the oil and gas company's stock valued at $659,000 after purchasing an additional 1,886 shares during the last quarter. Federated Hermes Inc. lifted its holdings in MRC Global by 2.0% in the 4th quarter. Federated Hermes Inc. now owns 104,601 shares of the oil and gas company's stock valued at $1,337,000 after purchasing an additional 2,003 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in MRC Global by 7.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 33,422 shares of the oil and gas company's stock worth $427,000 after purchasing an additional 2,219 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

MRC Global Trading Up 3.3 %

MRC Global stock traded up $0.39 during mid-day trading on Friday, hitting $12.08. The company's stock had a trading volume of 381,849 shares, compared to its average volume of 640,552. MRC Global Inc. has a 1 year low of $9.23 and a 1 year high of $15.41. The company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.04 billion, a PE ratio of 13.89 and a beta of 1.67. The stock's fifty day moving average is $11.26 and its two-hundred day moving average is $12.65.

MRC Global (NYSE:MRC - Get Free Report) last posted its earnings results on Friday, March 14th. The oil and gas company reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The company had revenue of $736.80 million for the quarter, compared to analysts' expectations of $726.90 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. MRC Global's revenue for the quarter was down 10.3% compared to the same quarter last year. On average, analysts anticipate that MRC Global Inc. will post 0.86 EPS for the current year.

Analyst Ratings Changes

MRC has been the topic of several research reports. StockNews.com downgraded shares of MRC Global from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Susquehanna lowered their target price on MRC Global from $15.00 to $13.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus reduced their price objective on MRC Global from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Finally, Loop Capital cut their target price on MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th.

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.