HighVista Strategies LLC Has $1.91 Million Stock Holdings in MRC Global Inc. (NYSE:MRC)

HighVista Strategies LLC boosted its holdings in shares of MRC Global Inc. (NYSE:MRC) by 11.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,800 shares of the oil and gas company’s stock after buying an additional 15,200 shares during the period. HighVista Strategies LLC’s holdings in MRC Global were worth $1,908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MRC. Price T Rowe Associates Inc. MD lifted its position in MRC Global by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 66,187 shares of the oil and gas company’s stock worth $832,000 after buying an additional 2,735 shares in the last quarter. CWM LLC raised its holdings in shares of MRC Global by 308.2% during the second quarter. CWM LLC now owns 2,584 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 1,951 shares in the last quarter. SG Americas Securities LLC boosted its position in MRC Global by 44.6% during the second quarter. SG Americas Securities LLC now owns 12,570 shares of the oil and gas company’s stock valued at $162,000 after purchasing an additional 3,877 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in MRC Global by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 72,238 shares of the oil and gas company’s stock valued at $933,000 after purchasing an additional 1,149 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in MRC Global by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 416,182 shares of the oil and gas company’s stock worth $5,373,000 after purchasing an additional 37,557 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MRC has been the subject of several research reports. Susquehanna lifted their price target on MRC Global from $16.00 to $17.00 and gave the company a “positive” rating in a report on Thursday, November 7th. StockNews.com cut shares of MRC Global from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th. Finally, Stifel Nicolaus increased their price target on shares of MRC Global from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th.

MRC Global Trading Up 0.7 %

NYSE:MRC opened at $14.07 on Tuesday. The company’s 50 day moving average is $12.98 and its 200-day moving average is $12.94. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. MRC Global Inc. has a 12 month low of $9.77 and a 12 month high of $14.91. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 16.17 and a beta of 1.97.

MRC Global (NYSE:MRC) last announced its earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The firm had revenue of $797.00 million for the quarter, compared to the consensus estimate of $794.17 million. During the same quarter last year, the firm posted $0.32 EPS. The business’s quarterly revenue was down 10.2% on a year-over-year basis. Equities analysts anticipate that MRC Global Inc. will post 0.89 EPS for the current 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.