Susquehanna Portfolio Strategies LLC Sells 70,352 Shares of MRC Global Inc. (NYSE:MRC)

Susquehanna Portfolio Strategies LLC decreased its position in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 82.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,246 shares of the oil and gas company's stock after selling 70,352 shares during the quarter. Susquehanna Portfolio Strategies LLC's holdings in MRC Global were worth $197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in MRC Global by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,061 shares of the oil and gas company's stock valued at $414,000 after acquiring an additional 1,289 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of MRC Global by 2.8% during the second quarter. Millennium Management LLC now owns 1,008,804 shares of the oil and gas company's stock valued at $13,024,000 after purchasing an additional 27,709 shares in the last quarter. Deerfield Management Company L.P. Series C purchased a new stake in shares of MRC Global during the second quarter valued at $145,000. AQR Capital Management LLC increased its holdings in MRC Global by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 469,848 shares of the oil and gas company's stock worth $6,066,000 after buying an additional 9,824 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in MRC Global by 57.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 321,886 shares of the oil and gas company's stock worth $4,156,000 after buying an additional 117,839 shares during the last quarter. Institutional investors own 94.97% of the company's stock.

MRC Global Price Performance

Shares of NYSE:MRC opened at $12.64 on Monday. The company has a quick ratio of 1.10, a current ratio of 2.08 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.08 billion, a PE ratio of 14.70 and a beta of 1.97. The firm's 50 day moving average price is $12.85 and its 200-day moving average price is $12.71. MRC Global Inc. has a twelve month low of $9.47 and a twelve month high of $14.91.

MRC Global (NYSE:MRC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. The business had revenue of $832.00 million for the quarter, compared to analysts' expectations of $831.32 million. MRC Global had a net margin of 3.19% and a return on equity of 22.35%. The company's revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. Equities research analysts expect that MRC Global Inc. will post 0.91 EPS for the current year.

Wall Street Analyst Weigh In

MRC has been the subject of a number of research analyst reports. StockNews.com upgraded shares of MRC Global from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, September 24th. Susquehanna reiterated a "positive" rating and set a $16.00 target price on shares of MRC Global in a research note on Wednesday, June 26th.

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.

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