UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,697 Shares of MRC Global Inc. (NYSE:MRC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in MRC Global Inc. (NYSE:MRC) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 221,193 shares of the oil and gas company’s stock after selling 5,697 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of MRC Global worth $2,818,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in shares of MRC Global by 18.9% during the second 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 period. Rhumbline Advisers lifted its position in MRC Global by 62.0% during the 2nd 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 grew its stake in MRC Global by 162.9% during the 2nd quarter. Quest Partners LLC now owns 75,977 shares of the oil and gas company’s stock valued at $981,000 after purchasing an additional 47,075 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in MRC Global by 2.7% during the 2nd 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 purchasing an additional 97,445 shares during the last quarter. Finally, Foundry Partners LLC acquired a new position in shares of MRC Global in the second quarter valued at about $4,418,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of MRC Global from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. StockNews.com lowered MRC Global from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th. Finally, Susquehanna upped their target price on MRC Global from $16.00 to $17.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th.

MRC Global Trading Down 1.4 %

Shares of MRC Global stock opened at $13.22 on Friday. 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 twelve month low of $9.77 and a twelve month high of $14.91. The firm has a market capitalization of $1.13 billion, a PE ratio of 15.20 and a beta of 1.97. The firm’s 50-day moving average price is $13.20 and its 200 day moving average price is $12.97.

MRC Global (NYSE:MRC) last released its earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $797.00 million for the quarter, compared to the consensus estimate of $794.17 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. On average, sell-side analysts predict that MRC Global Inc. will post 0.85 EPS for the current fiscal year.

MRC Global Profile

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.