Wintrust Investments LLC Sells 33,145 Shares of MRC Global Inc. (NYSE:MRC)

Wintrust Investments LLC cut its position in MRC Global Inc. (NYSE:MRC - Free Report) by 67.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,740 shares of the oil and gas company's stock after selling 33,145 shares during the quarter. Wintrust Investments LLC's holdings in MRC Global were worth $201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Shaker Investments LLC OH bought a new position in shares of MRC Global during the 4th quarter worth approximately $511,000. Barclays PLC lifted its stake in shares of MRC Global by 197.7% during the 3rd quarter. Barclays PLC now owns 151,169 shares of the oil and gas company's stock worth $1,927,000 after buying an additional 100,384 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of MRC Global by 12.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 156,332 shares of the oil and gas company's stock worth $1,992,000 after buying an additional 17,609 shares during the period. Proficio Capital Partners LLC acquired a new position in MRC Global in the 4th quarter valued at about $233,000. Finally, Geode Capital Management LLC boosted its holdings in shares of MRC Global by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,956,725 shares of the oil and gas company's stock worth $24,934,000 after acquiring an additional 32,760 shares during the period. Institutional investors own 94.97% of the company's stock.

MRC Global Stock Performance

Shares of NYSE MRC opened at $11.22 on Thursday. The stock's fifty day moving average price is $13.23 and its two-hundred day moving average price is $13.03. The firm has a market cap of $956.43 million, a price-to-earnings ratio of 12.90 and a beta of 1.96. MRC Global Inc. has a one year low of $10.93 and a one year high of $15.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11.

Remove Ads

MRC Global declared that its Board of Directors has approved a stock buyback program on Friday, January 3rd that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the oil and gas company to purchase up to 11% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.