Bailard Inc. Boosts Holdings in MRC Global Inc. (NYSE:MRC)

Bailard Inc. boosted its position in shares of MRC Global Inc. (NYSE:MRC) by 78.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 60,410 shares of the oil and gas company’s stock after purchasing an additional 26,600 shares during the quarter. Bailard Inc.’s holdings in MRC Global were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of MRC Global by 24.9% during the third quarter. American Century Companies Inc. now owns 1,989,178 shares of the oil and gas company’s stock valued at $20,389,000 after buying an additional 397,145 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in MRC Global by 303.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 114,740 shares of the oil and gas company’s stock valued at $1,176,000 after acquiring an additional 86,333 shares in the last quarter. Wellington Management Group LLP boosted its stake in MRC Global by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 3,010,991 shares of the oil and gas company’s stock valued at $30,863,000 after purchasing an additional 561,706 shares during the last quarter. Luminus Management LLC bought a new stake in shares of MRC Global in the 3rd quarter worth $42,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of MRC Global by 9.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,651 shares of the oil and gas company’s stock worth $12,778,000 after purchasing an additional 104,959 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

MRC Global Price Performance

NYSE MRC opened at $11.60 on Friday. The stock has a market capitalization of $978.92 million, a price-to-earnings ratio of 11.15 and a beta of 1.99. MRC Global Inc. has a 1-year low of $8.15 and a 1-year high of $13.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.48 and a quick ratio of 0.76. The business’s fifty day moving average price is $12.15 and its 200-day moving average price is $11.12.

MRC Global (NYSE:MRC) last posted its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. The company had revenue of $768.00 million during the quarter, compared to analysts’ expectations of $810.52 million. MRC Global had a return on equity of 26.92% and a net margin of 3.34%. MRC Global’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, equities analysts predict that MRC Global Inc. will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MRC has been the subject of several research analyst reports. Stephens reiterated an “overweight” rating and issued a $17.00 price objective on shares of MRC Global in a report on Wednesday, February 14th. Susquehanna raised their price target on shares of MRC Global from $13.00 to $15.00 and gave the company a “positive” rating in a report on Monday, April 8th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $15.33.

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.