Tower Research Capital LLC TRC Purchases 20,897 Shares of MRC Global Inc. (NYSE:MRC)

Tower Research Capital LLC TRC lifted its position in shares of MRC Global Inc. (NYSE:MRC - Free Report) by 510.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,991 shares of the oil and gas company's stock after buying an additional 20,897 shares during the quarter. Tower Research Capital LLC TRC's holdings in MRC Global were worth $243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in MRC Global by 5.8% during the third quarter. Vanguard Group Inc. now owns 8,305,105 shares of the oil and gas company's stock valued at $59,714,000 after purchasing an additional 455,224 shares in the last quarter. BlackRock Inc. boosted its position in MRC Global by 6.6% during the third quarter. BlackRock Inc. now owns 6,384,542 shares of the oil and gas company's stock valued at $45,905,000 after purchasing an additional 393,266 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in MRC Global by 0.7% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 4,406,123 shares of the oil and gas company's stock valued at $52,477,000 after purchasing an additional 31,186 shares in the last quarter. Wellington Management Group LLP boosted its position in MRC Global by 4.3% during the first quarter. Wellington Management Group LLP now owns 2,866,871 shares of the oil and gas company's stock valued at $34,145,000 after purchasing an additional 119,007 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in MRC Global by 69.7% during the fourth quarter. American Century Companies Inc. now owns 2,820,071 shares of the oil and gas company's stock valued at $32,656,000 after purchasing an additional 1,158,212 shares in the last quarter.

MRC Global stock opened at $9.15 on Friday. The company has a quick ratio of 1.01, a current ratio of 2.16 and a debt-to-equity ratio of 0.85. MRC Global Inc. has a 52 week low of $7.03 and a 52 week high of $13.90. The company has a market capitalization of $768.69 million, a price-to-earnings ratio of 9.84 and a beta of 2.20. The stock has a 50-day moving average price of $10.16 and a 200 day moving average price of $9.99.

MRC Global (NYSE:MRC - Get Free Report) last released its earnings results on Monday, August 7th. The oil and gas company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.11). MRC Global had a return on equity of 34.08% and a net margin of 2.92%. The firm had revenue of $871.00 million for the quarter, compared to analyst estimates of $914.58 million. During the same period last year, the firm earned $0.27 EPS. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts anticipate that MRC Global Inc. will post 1.36 EPS for the current year.

A number of equities research analysts recently weighed in on MRC shares. Susquehanna dropped their price objective on MRC Global from $15.00 to $12.00 in a research report on Wednesday, May 10th. TheStreet upgraded MRC Global from a "c+" rating to a "b-" rating in a research note on Friday, July 14th. Stephens reiterated an "overweight" rating and issued a $17.00 price target on shares of MRC Global in a research note on Tuesday, August 8th. Finally, StockNews.com began coverage on MRC Global in a research note on Thursday, August 17th. They issued a "buy" rating for the company. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $14.67.

View Our Latest Report on MRC

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the gas utility, energy, and industrial end-markets in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products.

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