MRC Global Inc (MRC) : Pax World Management scooped up 100,000 additional shares in MRC Global Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 950,000 shares of MRC Global Inc which is valued at $14,098,000.MRC Global Inc makes up approximately 0.79% of Pax World Management’s portfolio.
Other Hedge Funds, Including , Quantitative Investment Management sold out all of its stake in MRC during the most recent quarter. The investment firm sold 29,300 shares of MRC which is valued $397,308.Strs Ohio reduced its stake in MRC by selling 5,400 shares or 7.36% in the most recent quarter. The Hedge Fund company now holds 68,000 shares of MRC which is valued at $879,240. New York State Teachers Retirement System sold out all of its stake in MRC during the most recent quarter. The investment firm sold 8,900 shares of MRC which is valued $117,925.S&co Inc boosted its stake in MRC in the latest quarter, The investment management firm added 16,000 additional shares and now holds a total of 115,075 shares of MRC Global Inc which is valued at $1,524,744. MRC Global Inc makes up approx 0.23% of S&co Inc’s portfolio.
MRC Global Inc opened for trading at $14.95 and hit $15.27 on the upside on Monday, eventually ending the session at $15.05, with a gain of 1.21% or 0.18 points. The heightened volatility saw the trading volume jump to 7,34,023 shares. Company has a market cap of $1,451 M.
On the company’s financial health, MRC Global Inc reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.14. The company had revenue of $746.00 million for the quarter, compared to analysts expectations of $742.77 million. The company’s revenue was down -37.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on MRC Global Inc. Maxim Group Upgraded MRC Global Inc on Aug 4, 2016 to ” Buy”, Price Target of the shares are set at $16.MRC Global Inc was Upgraded by CapitalOne to ” Overweight” on Aug 3, 2016.
MRC Global Inc. is a global industrial distributor of pipe valves and fittings (PVF) and related products and services to the energy industry. The Company offers products that are used in the construction maintenance repair and overhaul of equipment used in extreme operating conditions such as high pressure high/low temperature and high corrosive and abrasive environments. Its product types include valves automation and instrumentation carbon steel fittings and flanges and stainless steel and alloy pipe and fittings line pipe and oil country tubular goods among others. The Company offers around 230000 stock keeping units including an array of PVF oilfield supply automation instrumentation and other general and specialty industry supply products. The Company operates through its U.S. Canadian and International segments. It has operations in over 400 service locations. It provides services such as product testing volume purchasing and warehousing among others.