Public Employees Retirement Association of Colorado Has $161,000 Holdings in MRC Global Inc. (NYSE:MRC)

Public Employees Retirement Association of Colorado reduced its stake in shares of MRC Global Inc. (NYSE:MRC) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,464 shares of the oil and gas company’s stock after selling 1,248 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in MRC Global were worth $161,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MRC. Acadian Asset Management LLC bought a new position in MRC Global during the first quarter valued at about $963,000. Beryl Capital Management LLC acquired a new stake in shares of MRC Global during the 4th quarter valued at about $1,881,000. Appian Way Asset Management LP bought a new stake in MRC Global in the fourth quarter valued at about $4,745,000. Engine Capital Management LP raised its position in MRC Global by 30.0% in the fourth quarter. Engine Capital Management LP now owns 3,866,886 shares of the oil and gas company’s stock worth $42,574,000 after purchasing an additional 891,454 shares in the last quarter. Finally, Quest Partners LLC lifted its stake in MRC Global by 162.9% during the second quarter. Quest Partners LLC now owns 75,977 shares of the oil and gas company’s stock worth $981,000 after purchasing an additional 47,075 shares during the period. 94.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MRC. Susquehanna restated a “positive” rating and set a $16.00 target price on shares of MRC Global in a research report on Wednesday, June 26th. StockNews.com raised shares of MRC Global from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th.

MRC Global Stock Performance

MRC Global stock opened at $12.64 on Monday. The stock has a 50-day simple moving average of $12.85 and a 200 day simple moving average of $12.71. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.70 and a beta of 1.97. The company has a quick ratio of 1.10, a current ratio of 2.08 and a debt-to-equity ratio of 0.29. MRC Global Inc. has a 12-month low of $9.47 and a 12-month high of $14.91.

MRC Global (NYSE:MRC) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. The firm had revenue of $832.00 million for the quarter, compared to the consensus estimate of $831.32 million. MRC Global had a return on equity of 22.35% and a net margin of 3.19%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. On average, research analysts anticipate that MRC Global Inc. will post 0.91 earnings per share for the current fiscal year.

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.