MQS Management LLC Makes New $154,000 Investment in MRC Global Inc. (NYSE:MRC)

MQS Management LLC purchased a new stake in MRC Global Inc. (NYSE:MRC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,092 shares of the oil and gas company’s stock, valued at approximately $154,000.

Other large investors have also made changes to their positions in the company. CWM LLC grew its position 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 valued at $33,000 after purchasing an additional 1,951 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of MRC Global in the second quarter valued at approximately $45,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of MRC Global in the second quarter valued at approximately $56,000. Canada Pension Plan Investment Board purchased a new stake in shares of MRC Global in the second quarter valued at approximately $56,000. Finally, nVerses Capital LLC purchased a new stake in shares of MRC Global in the second quarter valued at approximately $70,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

MRC Global Trading Down 1.1 %

MRC opened at $13.38 on Friday. MRC Global Inc. has a one year low of $9.77 and a one year high of $14.91. The stock has a market capitalization of $1.14 billion, a PE ratio of 15.37 and a beta of 1.97. The business’s 50 day moving average price is $12.64 and its 200 day moving average price is $12.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.99.

MRC Global (NYSE:MRC) last released its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The company had revenue of $797.00 million for the quarter, compared to analysts’ expectations of $794.17 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The firm’s revenue was down 10.2% compared to the same quarter last year. As a group, equities research analysts expect that MRC Global Inc. will post 0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

MRC has been the subject of a number of analyst reports. StockNews.com lowered MRC Global from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 9th. Susquehanna upped their price objective 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 MRC Global from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, October 15th.

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.