Algert Global LLC Has $3.90 Million Stock Position in MRC Global Inc. (NYSE:MRC)

Algert Global LLC boosted its holdings in MRC Global Inc. (NYSE:MRC - Free Report) by 71.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,221 shares of the oil and gas company's stock after acquiring an additional 125,574 shares during the quarter. Algert Global LLC owned 0.36% of MRC Global worth $3,902,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in shares of MRC Global during the 1st quarter valued at $963,000. Beryl Capital Management LLC acquired a new position in shares of MRC Global during the 4th quarter valued at $1,881,000. Appian Way Asset Management LP acquired a new position in shares of MRC Global during the 4th quarter valued at $4,745,000. Engine Capital Management LP increased its position in shares of MRC Global by 30.0% during the 4th quarter. Engine Capital Management LP now owns 3,866,886 shares of the oil and gas company's stock valued at $42,574,000 after purchasing an additional 891,454 shares during the period. Finally, Quest Partners LLC increased its position in shares of MRC Global by 162.9% during the 2nd quarter. Quest Partners LLC now owns 75,977 shares of the oil and gas company's stock valued at $981,000 after purchasing an additional 47,075 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MRC shares. Susquehanna reiterated a "positive" rating and set a $16.00 price target on shares of MRC Global in a research report on Wednesday, June 26th. StockNews.com upgraded MRC Global from a "buy" rating to a "strong-buy" rating in a report on Tuesday, September 24th.

MRC Global Trading Up 0.1 %

Shares of NYSE MRC traded up $0.01 during mid-day trading on Tuesday, hitting $12.75. 132,637 shares of the company traded hands, compared to its average volume of 589,939. MRC Global Inc. has a 1 year low of $9.47 and a 1 year high of $14.91. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.81 and a beta of 1.97. 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 business has a 50 day moving average of $12.82 and a two-hundred day moving average of $12.71.

MRC Global (NYSE:MRC - Get Free Report) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. MRC Global had a return on equity of 22.35% and a net margin of 3.19%. The business had revenue of $832.00 million during the quarter, compared to the consensus estimate of $831.32 million. During the same period in the prior year, the business posted $0.25 earnings per share. MRC Global's revenue was down 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that MRC Global Inc. will post 0.91 earnings per share for the current fiscal 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.