Loomis Sayles & Co. L P Has $10.94 Million Holdings in MRC Global Inc. (NYSE:MRC)

Loomis Sayles & Co. L P trimmed its stake in MRC Global Inc. (NYSE:MRC) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 858,635 shares of the oil and gas company’s stock after selling 34,626 shares during the period. Loomis Sayles & Co. L P owned about 1.01% of MRC Global worth $10,939,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. CWM LLC increased its stake in shares of MRC Global by 308.2% in the second quarter. CWM LLC now owns 2,584 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 1,951 shares during the period. Innealta Capital LLC bought a new stake in MRC Global in the second quarter valued at approximately $45,000. DekaBank Deutsche Girozentrale acquired a new stake in MRC Global during the 2nd quarter valued at approximately $56,000. Canada Pension Plan Investment Board bought a new position in MRC Global during the 2nd quarter worth approximately $56,000. Finally, nVerses Capital LLC acquired a new position in shares of MRC Global in the 2nd quarter worth approximately $70,000. 94.97% of the stock is owned by institutional investors.

MRC Global Trading Down 0.4 %

NYSE:MRC opened at $13.95 on Thursday. MRC Global Inc. has a 12 month low of $9.77 and a 12 month high of $14.91. The company has a current ratio of 1.99, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 16.09 and a beta of 1.97. The firm has a fifty day simple moving average of $12.90 and a two-hundred day simple moving average of $12.94.

MRC Global (NYSE:MRC) last issued its earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The company had revenue of $797.00 million during the quarter, compared to the consensus estimate of $794.17 million. During the same period last year, the business posted $0.32 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. Analysts expect that MRC Global Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MRC has been the subject of several recent analyst reports. Susquehanna increased their price objective on shares of MRC Global from $16.00 to $17.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. StockNews.com downgraded MRC Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Finally, Stifel Nicolaus boosted their price objective on MRC Global from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th.

MRC Global 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.