Teacher Retirement System of Texas acquired a new stake in shares of MRC Global Inc (NYSE:MRC) during the fourth quarter, Holdings Channel reports. The firm acquired 31,965 shares of the oil and gas company’s stock, valued at approximately $541,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mcclain Value Management LLC increased its position in shares of MRC Global by 45.8% during the fourth quarter. Mcclain Value Management LLC now owns 241,224 shares of the oil and gas company’s stock valued at $4,082,000 after purchasing an additional 75,796 shares during the period. American Century Companies Inc. increased its position in shares of MRC Global by 11.9% during the fourth quarter. American Century Companies Inc. now owns 381,043 shares of the oil and gas company’s stock valued at $6,447,000 after purchasing an additional 40,547 shares during the period. Public Employees Retirement Association of Colorado acquired a new stake in MRC Global in the 4th quarter valued at $120,000. MHI Funds LLC acquired a new stake in MRC Global in the 4th quarter valued at $171,000. Finally, Alpha Windward LLC boosted its stake in MRC Global by 15.1% in the 4th quarter. Alpha Windward LLC now owns 34,260 shares of the oil and gas company’s stock valued at $580,000 after buying an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 98.67% of the company’s stock.
MRC Global Inc (MRC) opened at $18.06 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.35 and a quick ratio of 1.10. The company has a market capitalization of $1,651.57, a price-to-earnings ratio of 66.89, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56. MRC Global Inc has a one year low of $14.01 and a one year high of $20.77.
Several brokerages recently commented on MRC. Zacks Investment Research lowered MRC Global from a “hold” rating to a “strong sell” rating in a research note on Monday, January 8th. Susquehanna Bancshares set a $21.00 price target on MRC Global and gave the company a “buy” rating in a research note on Friday, January 12th. Alembic Global Advisors reaffirmed a “buy” rating on shares of MRC Global in a research note on Tuesday, February 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $22.00 price target (up previously from $18.00) on shares of MRC Global in a research note on Tuesday, January 16th. Finally, Stephens set a $24.00 price target on MRC Global and gave the company a “buy” rating in a research note on Saturday, February 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $20.56.
In other MRC Global news, Director Barbara J. Duganier sold 3,000 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $17.49, for a total value of $52,470.00. Following the transaction, the director now owns 21,262 shares of the company’s stock, valued at $371,872.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Lane sold 180,621 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $19.00, for a total value of $3,431,799.00. The disclosure for this sale can be found here. In the last three months, insiders sold 476,775 shares of company stock worth $9,054,195. Insiders own 6.30% of the company’s stock.
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MRC Global Profile
MRC Global Inc is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company’s segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.
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