Cramer Rosenthal Mcglynn LLC decreased its holdings in shares of MRC Global Inc (NYSE:MRC) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 805,845 shares of the oil and gas company’s stock after selling 15,850 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in MRC Global were worth $13,635,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado acquired a new stake in MRC Global during the fourth quarter worth about $120,000. MHI Funds LLC acquired a new stake in MRC Global during the fourth quarter worth about $171,000. Knightsbridge Asset Management LLC acquired a new stake in MRC Global during the fourth quarter worth about $195,000. Koch Industries Inc. acquired a new stake in MRC Global during the fourth quarter worth about $217,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in MRC Global during the third quarter worth about $276,000. Hedge funds and other institutional investors own 98.67% of the company’s stock.
In other MRC Global news, CEO Andrew R. Lane sold 293,154 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $19.00, for a total value of $5,569,926.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Lane sold 180,621 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $19.00, for a total transaction of $3,431,799.00. The disclosure for this sale can be found here. Insiders sold 476,775 shares of company stock worth $9,054,195 in the last 90 days. 6.30% of the stock is owned by company insiders.
Shares of MRC Global Inc (NYSE MRC) opened at $18.06 on Wednesday. MRC Global Inc has a 12 month low of $14.01 and a 12 month high of $20.77. The company has a market cap of $1,655.22, a P/E ratio of 604.00, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56. The company has a quick ratio of 1.10, a current ratio of 2.35 and a debt-to-equity ratio of 0.69.
MRC Global (NYSE:MRC) last announced its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). MRC Global had a net margin of 1.37% and a return on equity of 3.54%. The firm had revenue of $903.00 million during the quarter, compared to analyst estimates of $907.63 million. During the same quarter in the previous year, the business posted ($0.18) EPS. MRC Global’s revenue for the quarter was up 25.6% compared to the same quarter last year. equities research analysts forecast that MRC Global Inc will post 0.69 EPS for the current fiscal year.
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MRC Global Company 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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