SG Americas Securities LLC Raises Position in MRC Global Inc (MRC)

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SG Americas Securities LLC boosted its stake in MRC Global Inc (NYSE:MRC) by 312.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,836 shares of the oil and gas company’s stock after buying an additional 28,671 shares during the quarter. SG Americas Securities LLC’s holdings in MRC Global were worth $661,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MRC. Quantamental Technologies LLC acquired a new stake in MRC Global in the 4th quarter valued at about $55,000. Pearl River Capital LLC acquired a new stake in MRC Global in the 4th quarter valued at about $101,000. Sun Life Financial INC acquired a new stake in MRC Global in the 4th quarter valued at about $103,000. MHI Funds LLC raised its holdings in MRC Global by 29.7% in the 1st quarter. MHI Funds LLC now owns 11,666 shares of the oil and gas company’s stock valued at $204,000 after acquiring an additional 2,669 shares during the last quarter. Finally, Amalgamated Bank acquired a new stake in MRC Global in the 4th quarter valued at about $144,000.

MRC Global stock traded down $0.14 during trading on Monday, hitting $16.19. The company had a trading volume of 34,887 shares, compared to its average volume of 974,529. MRC Global Inc has a 1-year low of $11.62 and a 1-year high of $22.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.14 and a current ratio of 2.54. The company has a market capitalization of $1.36 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 0.95 and a beta of 1.93.

MRC Global (NYSE:MRC) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.08. MRC Global had a net margin of 1.79% and a return on equity of 10.65%. The company had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $953.51 million. During the same quarter last year, the company posted $0.13 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that MRC Global Inc will post 0.86 earnings per share for the current year.

In other MRC Global news, insider Grant R. Bates sold 30,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $18.78, for a total value of $572,790.00. Following the completion of the transaction, the insider now owns 34,461 shares of the company’s stock, valued at approximately $647,177.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Churay sold 54,479 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $16.83, for a total transaction of $916,881.57. Following the completion of the transaction, the executive vice president now directly owns 82,834 shares of the company’s stock, valued at approximately $1,394,096.22. The disclosure for this sale can be found here. Insiders sold a total of 125,265 shares of company stock valued at $2,179,265 in the last three months. 23.10% of the stock is currently owned by corporate insiders.

MRC has been the subject of a number of recent research reports. Stephens reiterated a “buy” rating and issued a $22.00 price objective on shares of MRC Global in a report on Wednesday, February 20th. Jefferies Financial Group started coverage on shares of MRC Global in a report on Thursday, April 25th. They issued a “hold” rating and a $20.00 price objective for the company. Stifel Nicolaus downgraded shares of MRC Global from a “buy” rating to a “hold” rating and set a $20.00 price target for the company. in a report on Tuesday, April 16th. Finally, Zacks Investment Research downgraded shares of MRC Global from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. MRC Global currently has an average rating of “Hold” and a consensus price target of $21.44.

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MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.

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Institutional Ownership by Quarter for MRC Global (NYSE:MRC)

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