Campbell & CO Investment Adviser LLC Makes New Investment in MRC Global Inc. $MRC

Campbell & CO Investment Adviser LLC bought a new position in shares of MRC Global Inc. (NYSE:MRC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,596 shares of the oil and gas company’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MRC. Summit Securities Group LLC purchased a new position in MRC Global during the first quarter worth approximately $44,000. DekaBank Deutsche Girozentrale purchased a new position in shares of MRC Global during the 2nd quarter worth $67,000. Meeder Asset Management Inc. raised its holdings in shares of MRC Global by 24.7% during the 1st quarter. Meeder Asset Management Inc. now owns 5,462 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 1,081 shares during the period. Virtus Advisers LLC acquired a new position in shares of MRC Global during the 1st quarter valued at about $139,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of MRC Global in the first quarter valued at about $165,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Zacks Research raised shares of MRC Global to a “hold” rating in a research note on Friday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of MRC Global in a report on Wednesday, October 8th. Loop Capital cut MRC Global from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Monday, October 27th. Susquehanna lowered MRC Global from a “positive” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Thursday, October 2nd. Finally, Stifel Nicolaus reduced their target price on MRC Global from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, July 21st. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, MRC Global currently has a consensus rating of “Hold” and an average price target of $15.67.

MRC Global Stock Down 0.5%

Shares of NYSE MRC opened at $13.78 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.84 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $14.13 and its two-hundred day moving average is $13.72. MRC Global Inc. has a 52-week low of $9.23 and a 52-week high of $15.59. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -57.40 and a beta of 1.63.

MRC Global (NYSE:MRC) last issued its quarterly earnings data on Thursday, May 26th. The oil and gas company reported ($0.07) earnings per share for the quarter. MRC Global had a negative net margin of 0.10% and a positive return on equity of 11.81%. The firm had revenue of $609.00 million during the quarter. Research analysts predict that MRC Global Inc. will post 0.86 EPS for the current 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.