SG Americas Securities LLC Invests $152,000 in MRC Global Inc. (NYSE:MRC)

SG Americas Securities LLC acquired a new position in shares of MRC Global Inc. (NYSE:MRC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,846 shares of the oil and gas company’s stock, valued at approximately $152,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Gladius Capital Management LP bought a new position in shares of MRC Global during the 3rd quarter worth about $33,000. Wellington Management Group LLP boosted its position in shares of MRC Global by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,010,991 shares of the oil and gas company’s stock worth $30,863,000 after purchasing an additional 561,706 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of MRC Global by 24.9% in the 3rd quarter. American Century Companies Inc. now owns 1,989,178 shares of the oil and gas company’s stock worth $20,389,000 after acquiring an additional 397,145 shares during the last quarter. Comerica Bank acquired a new stake in shares of MRC Global in the 3rd quarter worth about $310,000. Finally, Sei Investments Co. acquired a new stake in shares of MRC Global in the 3rd quarter worth about $127,000. Institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MRC shares. Stephens restated an “overweight” rating and issued a $17.00 target price on shares of MRC Global in a report on Wednesday, February 14th. Susquehanna upped their target price on shares of MRC Global from $13.00 to $15.00 and gave the stock a “positive” rating in a report on Monday, April 8th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $15.25.

MRC Global Trading Down 1.2 %

NYSE:MRC opened at $11.94 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.76 and a current ratio of 1.48. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 11.48 and a beta of 1.99. MRC Global Inc. has a 52 week low of $8.15 and a 52 week high of $13.00. The firm has a 50-day moving average price of $12.02 and a two-hundred day moving average price of $11.02.

MRC Global (NYSE:MRC) last posted its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.11 by $0.12. MRC Global had a net margin of 3.34% and a return on equity of 26.92%. The firm had revenue of $768.00 million during the quarter, compared to analyst estimates of $810.52 million. During the same quarter last year, the business posted $0.32 EPS. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities analysts expect that MRC Global Inc. will post 0.97 earnings per share for the current fiscal year.

MRC Global Company 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.