Harvey Partners LLC Has $16.87 Million Holdings in MRC Global Inc. (NYSE:MRC)

Harvey Partners LLC raised its holdings in MRC Global Inc. (NYSE:MRC - Free Report) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,324,000 shares of the oil and gas company's stock after acquiring an additional 49,500 shares during the quarter. MRC Global comprises approximately 1.9% of Harvey Partners LLC's holdings, making the stock its 24th largest position. Harvey Partners LLC owned about 1.55% of MRC Global worth $16,868,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC lifted its stake in MRC Global by 0.4% in the third quarter. Essex Investment Management Co. LLC now owns 300,195 shares of the oil and gas company's stock valued at $3,824,000 after acquiring an additional 1,063 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of MRC Global by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 72,238 shares of the oil and gas company's stock worth $933,000 after buying an additional 1,149 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of MRC Global by 4.2% in the second quarter. The Manufacturers Life Insurance Company now owns 32,061 shares of the oil and gas company's stock worth $414,000 after buying an additional 1,289 shares during the last quarter. CWM LLC lifted its stake in shares of MRC Global by 308.2% in the second quarter. CWM LLC now owns 2,584 shares of the oil and gas company's stock worth $33,000 after buying an additional 1,951 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MRC Global by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,532 shares of the oil and gas company's stock worth $317,000 after buying an additional 2,176 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

MRC Global Stock Performance

MRC Global stock traded up $0.09 on Tuesday, hitting $14.16. The company's stock had a trading volume of 310,467 shares, compared to its average volume of 584,150. The firm has a market cap of $1.21 billion, a P/E ratio of 16.28 and a beta of 1.97. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $13.01 and a 200-day moving average price of $12.95. 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 issued its earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The company had revenue of $797.00 million for the quarter, compared to the consensus estimate of $794.17 million. During the same quarter in the previous year, the company earned $0.32 EPS. The firm's revenue for the quarter was down 10.2% compared to the same quarter last year. On average, equities analysts anticipate that MRC Global Inc. will post 0.89 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of MRC Global from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 9th. Stifel Nicolaus boosted their target price on shares of MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Finally, Susquehanna boosted their target price on shares of MRC Global from $16.00 to $17.00 and gave the stock a "positive" rating in a research report on Thursday, November 7th.

MRC Global Company 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.