Walleye Capital LLC bought a new stake in shares of MRC Global Inc. (NYSE:MRC – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,418 shares of the oil and gas company’s stock, valued at approximately $196,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in MRC Global by 18.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,288,600 shares of the oil and gas company’s stock worth $16,636,000 after buying an additional 204,600 shares during the last quarter. Rhumbline Advisers raised its stake in MRC Global by 62.0% during the second quarter. Rhumbline Advisers now owns 247,047 shares of the oil and gas company’s stock worth $3,189,000 after acquiring an additional 94,566 shares during the period. Quest Partners LLC lifted its holdings in MRC Global by 162.9% in the second quarter. Quest Partners LLC now owns 75,977 shares of the oil and gas company’s stock worth $981,000 after acquiring an additional 47,075 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in MRC Global by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,689,511 shares of the oil and gas company’s stock valued at $47,629,000 after acquiring an additional 97,445 shares during the period. Finally, Foundry Partners LLC acquired a new position in MRC Global in the second quarter valued at approximately $4,418,000. 94.97% of the stock is owned by hedge funds and other institutional investors.
MRC Global Stock Performance
Shares of NYSE MRC opened at $13.60 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.11 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 stock has a 50 day simple moving average of $13.18 and a 200-day simple moving average of $12.97. The company has a market cap of $1.16 billion, a PE ratio of 15.63 and a beta of 1.97.
Analyst Ratings Changes
Several brokerages recently issued reports on MRC. StockNews.com downgraded MRC Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Stifel Nicolaus raised their target price on MRC Global from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Susquehanna upped their price target on shares of MRC Global from $16.00 to $17.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th.
Check Out Our Latest Research Report on MRC
About MRC Global
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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