287,425 Shares in MRC Global Inc. $MRC Bought by CSM Advisors LLC
CSM Advisors LLC acquired 287,425 shares of MRC Global Inc. (NYSE:MRC) in Q2, valued at approximately $3.94 million, representing 0.33% ownership. Other institutional investors also increased their stakes. MRC Global's stock is currently down 0.5%, trading at $13.78, with a 12-month range of $9.23 to $15.59. Analysts have mixed ratings, with a consensus hold rating and a target price of $15.67. The company reported a negative net margin of 0.10% and a revenue of $609 million for the last quarter.
CSM Advisors LLC acquired a new stake in shares of MRC Global Inc. (NYSE:MRC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 287,425 shares of the oil and gas company's stock, valued at approximately $3,940,000. CSM Advisors LLC owned 0.33% of MRC Global as of its most recent filing with the Securities and Exchange Commission (SEC).
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A number of other institutional investors have also added to or reduced their stakes in MRC. Campbell & CO Investment Adviser LLC purchased a new stake in shares of MRC Global in the 2nd quarter valued at about $269,000. Vestmark Advisory Solutions Inc. increased its position in shares of MRC Global by 125.0% in the second quarter. Vestmark Advisory Solutions Inc. now owns 71,252 shares of the oil and gas company's stock worth $977,000 after purchasing an additional 39,582 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in MRC Global in the second quarter valued at approximately $2,253,000. Versor Investments LP bought a new stake in MRC Global during the second quarter valued at approximately $2,308,000. Finally, Haven Private LLC lifted its position in MRC Global by 68.2% during the second quarter. Haven Private LLC now owns 29,176 shares of the oil and gas company's stock valued at $400,000 after purchasing an additional 11,830 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.
MRC Global Stock Down 0.5%
MRC opened at $13.78 on Monday. MRC Global Inc. has a 12 month low of $9.23 and a 12 month high of $15.59. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 0.83. The business's 50-day moving average price is $14.27 and its 200-day moving average price is $13.64. The company has a market cap of $1.17 billion, a P/E ratio of -57.40 and a beta of 1.63.
MRC Global (NYSE:MRC - Get Free Report) last issued its earnings results on Thursday, May 26th. The oil and gas company reported ($0.07) earnings per share for the quarter. The company had revenue of $609.00 million for the quarter. MRC Global had a negative net margin of 0.10% and a positive return on equity of 11.81%. On average, equities analysts expect that MRC Global Inc. will post 0.86 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on MRC. Loop Capital lowered shares of MRC Global from a "buy" rating to a "hold" rating and set a $16.00 price target on the stock. in a report on Monday, October 27th. Stifel Nicolaus lowered their price target 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. Zacks Research raised MRC Global to a "hold" rating in a research note on Friday, August 8th. Weiss Ratings reiterated a "hold (c-)" rating on shares of MRC Global in a research report on Wednesday, October 8th. Finally, Susquehanna cut MRC Global from a "positive" rating to a "neutral" rating and set a $15.00 price objective on the stock. in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $15.67.
Get Our Latest Analysis on MRC
About MRC Global
(Free Report)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.
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