Rhumbline Advisers increased its holdings in shares of MRC Global Inc. (NYSE:MRC – Free Report) by 62.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 247,047 shares of the oil and gas company’s stock after acquiring an additional 94,566 shares during the period. Rhumbline Advisers owned about 0.29% of MRC Global worth $3,189,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of MRC. Acadian Asset Management LLC bought a new stake in MRC Global during the 1st quarter valued at $963,000. Beryl Capital Management LLC purchased a new position in shares of MRC Global in the 4th quarter valued at $1,881,000. Appian Way Asset Management LP purchased a new position in shares of MRC Global in the 4th quarter valued at $4,745,000. Engine Capital Management LP increased its holdings in shares of MRC Global by 30.0% in the 4th quarter. Engine Capital Management LP now owns 3,866,886 shares of the oil and gas company’s stock valued at $42,574,000 after acquiring an additional 891,454 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of MRC Global in the 1st quarter valued at $201,000. 94.97% of the stock is owned by institutional investors.
MRC Global Stock Up 2.1 %
Shares of MRC stock opened at $12.45 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.08 and a quick ratio of 1.10. The stock’s fifty day moving average price is $13.05 and its 200 day moving average price is $12.68. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 14.47 and a beta of 1.97. MRC Global Inc. has a 1-year low of $9.47 and a 1-year high of $14.91.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on MRC shares. StockNews.com downgraded MRC Global from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 13th. Susquehanna restated a “positive” rating and set a $16.00 target price on shares of MRC Global in a research note on Wednesday, June 26th.
Get Our Latest Report on MRC Global
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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