Nisa Investment Advisors LLC Lowers Stock Position in MRC Global Inc. (NYSE:MRC)

Nisa Investment Advisors LLC cut its position in shares of MRC Global Inc. (NYSE:MRC) by 73.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,820 shares of the oil and gas company’s stock after selling 7,680 shares during the period. Nisa Investment Advisors LLC’s holdings in MRC Global were worth $27,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of MRC. Pzena Investment Management LLC purchased a new position in MRC Global during the first quarter valued at $17,279,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in MRC Global by 431.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 849,169 shares of the oil and gas company’s stock valued at $7,668,000 after purchasing an additional 689,268 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in MRC Global during the first quarter valued at $2,773,000. BlackRock Inc. lifted its holdings in MRC Global by 3.8% during the first quarter. BlackRock Inc. now owns 5,905,727 shares of the oil and gas company’s stock valued at $53,326,000 after purchasing an additional 216,395 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in MRC Global by 39.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 591,102 shares of the oil and gas company’s stock valued at $5,338,000 after purchasing an additional 165,880 shares in the last quarter. 94.61% of the stock is currently owned by institutional investors and hedge funds.

NYSE:MRC opened at $7.29 on Tuesday. The company’s 50-day moving average price is $8.31 and its 200-day moving average price is $9.34. The company has a current ratio of 2.06, a quick ratio of 1.02 and a debt-to-equity ratio of 0.85. The company has a market cap of $602.63 million, a P/E ratio of -24.30 and a beta of 2.54. MRC Global Inc. has a twelve month low of $3.93 and a twelve month high of $12.21.

MRC Global (NYSE:MRC) last posted its quarterly earnings results on Thursday, July 29th. The oil and gas company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The firm had revenue of $686.00 million for the quarter, compared to the consensus estimate of $663.55 million. MRC Global had a negative net margin of 0.28% and a positive return on equity of 1.73%. On average, analysts expect that MRC Global Inc. will post 0.15 earnings per share for the current year.

Separately, Capital One Financial reissued an “overweight” rating on shares of MRC Global in a research note on Friday, July 30th.

About MRC Global

MRC Global, Inc is a holding company, which engages in the distribution of pipes, valves, fittings, and other infrastructure products and services to the energy industry. Its products include Carbon Steel Pipe, Carbon Steel Fittings & Flanges, Valves, Valve Automation, Stainless & Alloy Pipe, Mill Supplies & Safety and ValveWatch.

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Institutional Ownership by Quarter for MRC Global (NYSE:MRC)

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