PDT Partners LLC Sells 11,535 Shares of MRC Global Inc. (NYSE:MRC)

PDT Partners LLC lessened its position in shares of MRC Global Inc. (NYSE:MRC) by 12.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 83,201 shares of the oil and gas company’s stock after selling 11,535 shares during the period. PDT Partners LLC’s holdings in MRC Global were worth $1,060,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of MRC Global by 7,541.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,342,896 shares of the oil and gas company’s stock valued at $17,337,000 after purchasing an additional 1,325,323 shares during the last quarter. American Century Companies Inc. boosted its holdings in MRC Global by 167.3% in the second quarter. American Century Companies Inc. now owns 1,205,172 shares of the oil and gas company’s stock worth $15,559,000 after acquiring an additional 754,376 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of MRC Global by 456.3% during the second quarter. Acadian Asset Management LLC now owns 427,298 shares of the oil and gas company’s stock worth $5,513,000 after acquiring an additional 350,492 shares during the last quarter. Foundry Partners LLC purchased a new stake in shares of MRC Global during the second quarter worth about $4,418,000. Finally, Empowered Funds LLC acquired a new position in shares of MRC Global during the third quarter valued at about $3,607,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

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

MRC Global Stock Performance

MRC opened at $13.97 on Monday. The firm has a 50 day moving average of $12.98 and a two-hundred day moving average of $12.95. The firm has a market capitalization of $1.19 billion, a PE ratio of 16.06 and a beta of 1.97. 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 12-month low of $9.77 and a 12-month high of $14.91.

MRC Global (NYSE:MRC) last posted its earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $797.00 million during the quarter, compared to the consensus estimate of $794.17 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. On average, analysts anticipate that MRC Global Inc. will post 0.89 EPS for the current year.

MRC Global Company 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.