American Trust Has $374,000 Holdings in MRC Global Inc. (NYSE:MRC)

American Trust reduced its position in MRC Global Inc. (NYSE:MRC) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,936 shares of the oil and gas company’s stock after selling 951 shares during the quarter. American Trust’s holdings in MRC Global were worth $374,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MRC. Acadian Asset Management LLC bought a new stake in MRC Global during the first quarter valued at $963,000. Beryl Capital Management LLC acquired a new position in shares of MRC Global in the 4th quarter valued at about $1,881,000. Appian Way Asset Management LP bought a new stake in shares of MRC Global during the 4th quarter valued at about $4,745,000. Engine Capital Management LP grew its stake in MRC Global by 30.0% during the fourth quarter. Engine Capital Management LP now owns 3,866,886 shares of the oil and gas company’s stock worth $42,574,000 after purchasing an additional 891,454 shares during the period. Finally, Quest Partners LLC increased its holdings in MRC Global by 162.9% in the second quarter. Quest Partners LLC now owns 75,977 shares of the oil and gas company’s stock worth $981,000 after purchasing an additional 47,075 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MRC. StockNews.com cut MRC Global from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Susquehanna reissued a “positive” rating and set a $16.00 target price on shares of MRC Global in a research note on Wednesday, June 26th.

MRC Global Stock Performance

Shares of MRC Global stock opened at $12.50 on Thursday. The business has a 50-day simple moving average of $12.74 and a 200 day simple moving average of $12.71. MRC Global Inc. has a one year low of $9.47 and a one year high of $14.91. 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 firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 14.53 and a beta of 1.97.

MRC Global (NYSE:MRC) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. MRC Global had a return on equity of 22.35% and a net margin of 3.19%. The firm had revenue of $832.00 million during the quarter, compared to analysts’ expectations of $831.32 million. During the same quarter last year, the firm posted $0.25 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, research analysts anticipate that MRC Global Inc. will post 0.91 earnings per share for the current fiscal year.

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.