Gotham Asset Management LLC Acquires 7,917 Shares of MRC Global Inc. (NYSE:MRC)

Gotham Asset Management LLC lifted its holdings in shares of MRC Global Inc. (NYSE:MRC) by 14.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,312 shares of the oil and gas company’s stock after purchasing an additional 7,917 shares during the quarter. Gotham Asset Management LLC owned 0.07% of MRC Global worth $809,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Huntington National Bank purchased a new position in MRC Global in the 4th quarter worth approximately $34,000. Sterling Capital Management LLC lifted its holdings in shares of MRC Global by 821.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 2,406 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of MRC Global during the 4th quarter worth $56,000. Longboard Asset Management LP purchased a new position in MRC Global in the fourth quarter worth $134,000. Finally, Ieq Capital LLC purchased a new position in MRC Global in the fourth quarter worth $187,000. 94.97% of the stock is currently owned by institutional investors.

MRC Global Stock Performance

NYSE MRC opened at $12.81 on Monday. The company has a 50-day simple moving average of $11.43 and a two-hundred day simple moving average of $12.66. MRC Global Inc. has a 12-month low of $9.23 and a 12-month high of $15.41. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 14.72 and a beta of 1.63. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15.

MRC Global (NYSE:MRC) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The company had revenue of $712.00 million during the quarter, compared to analysts’ expectations of $710.00 million. During the same period in the prior year, the business posted $0.20 EPS. MRC Global’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, equities analysts forecast that MRC Global Inc. will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MRC shares. Susquehanna dropped their price target on MRC Global from $15.00 to $13.00 and set a “positive” rating for the company in a research note on Monday, April 14th. StockNews.com cut MRC Global from a “buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus upped their target price on MRC Global from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Finally, Loop Capital reduced their price target on shares of MRC Global from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th.

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.