MRC Global Inc. (NYSE:MRC) Stake Trimmed by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. cut its holdings in MRC Global Inc. (NYSE:MRC - Free Report) by 52.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,994 shares of the oil and gas company's stock after selling 46,599 shares during the period. Cornercap Investment Counsel Inc.'s holdings in MRC Global were worth $535,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Victory Capital Management Inc. grew its position in shares of MRC Global by 7,541.8% during the second quarter. Victory Capital Management Inc. now owns 1,342,896 shares of the oil and gas company's stock worth $17,337,000 after acquiring an additional 1,325,323 shares during the last quarter. American Century Companies Inc. grew its position in MRC Global by 167.3% in the 2nd quarter. American Century Companies Inc. now owns 1,205,172 shares of the oil and gas company's stock worth $15,559,000 after purchasing an additional 754,376 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of MRC Global by 456.3% in the second quarter. Acadian Asset Management LLC now owns 427,298 shares of the oil and gas company's stock valued at $5,513,000 after purchasing an additional 350,492 shares during the period. Foundry Partners LLC acquired a new stake in shares of MRC Global in the second quarter valued at approximately $4,418,000. Finally, Renaissance Technologies LLC raised its holdings in shares of MRC Global by 18.9% during the second quarter. Renaissance Technologies LLC now owns 1,288,600 shares of the oil and gas company's stock valued at $16,636,000 after buying an additional 204,600 shares during the last quarter. Institutional investors own 94.97% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on MRC shares. StockNews.com cut MRC Global from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 9th. Susquehanna raised their price target on MRC Global from $16.00 to $17.00 and gave the company a "positive" rating in a report on Thursday, November 7th. Finally, Stifel Nicolaus upped 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 Tuesday, October 15th.

MRC Global Price Performance

NYSE:MRC traded down $0.15 during midday trading on Friday, hitting $13.37. 395,107 shares of the stock were exchanged, compared to its average volume of 698,771. The business has a 50-day moving average price of $12.64 and a two-hundred day moving average price of $12.86. 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 company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 15.37 and a beta of 1.97. MRC Global Inc. has a one year low of $9.77 and a one year high of $14.91.

MRC Global (NYSE:MRC - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $797.00 million during the quarter, compared to analyst estimates of $794.17 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The company's revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Sell-side analysts predict that MRC Global Inc. will post 0.89 EPS for the current 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.