Pax World Management LLC Holding in Mrc Global INC (MRC) Has Upped by $6.63 Million as Stock Value Declined

May 17, 2018 - By Robert Crowder

Investors sentiment increased to 1.01 in Q4 2017. Its up 0.01, from 1 in 2017Q3. It improved, as 24 investors sold MRC shares while 48 reduced holdings. 15 funds opened positions while 58 raised stakes. 87.05 million shares or 1.12% less from 88.03 million shares in 2017Q3 were reported. Ardevora Asset Mngmt Llp holds 2.13 million shares or 1.08% of its portfolio. Employees Retirement Systems Of Ohio invested 0% in MRC Global Inc. (NYSE:MRC). Balyasny Asset Ltd Com holds 0.02% or 374,318 shares in its portfolio. Schneider Capital Mngmt Corp accumulated 1.46% or 392,176 shares. Parallax Volatility Advisers Limited Partnership accumulated 0% or 13,818 shares. South Dakota Council owns 292,618 shares. Moreover, Deutsche Bank & Trust Ag has 0.01% invested in MRC Global Inc. (NYSE:MRC) for 706,074 shares. Comerica Bank reported 0% stake. 421,858 were accumulated by Savings Bank Of Mellon Corp. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in MRC Global Inc. (NYSE:MRC) for 4,796 shares. Mcclain Value Limited Company reported 241,224 shares or 5.39% of all its holdings. Redwood Invs Ltd has invested 0.02% in MRC Global Inc. (NYSE:MRC). Carroll Assocs holds 500 shares or 0% of its portfolio. Moreover, Global X Management Co Limited Liability Co has 0% invested in MRC Global Inc. (NYSE:MRC) for 6,634 shares. Synovus Corp holds 26,725 shares or 0.01% of its portfolio.

Since January 12, 2018, it had 0 insider purchases, and 6 sales for $20.61 million activity. $135,233 worth of MRC Global Inc. (NYSE:MRC) was sold by Bond Elton Ray on Wednesday, May 9. DUGANIER BARBARA J sold 3,000 shares worth $52,470.

Pax World Management Llc increased its stake in Mrc Global Inc. (MRC) by 39.66% based on its latest 2017Q4 regulatory filing with the SEC. Pax World Management Llc bought 414,103 shares as the company’s stock declined 2.71% with the market. The institutional investor held 1.46M shares of the industrial machinery and components company at the end of 2017Q4, valued at $24.67 million, up from 1.04 million at the end of the previous reported quarter. Pax World Management Llc who had been investing in Mrc Global Inc. for a number of months, seems to be bullish on the $1.85 billion market cap company. The stock increased 1.27% or $0.26 during the last trading session, reaching $20.66. About 849,036 shares traded or 13.58% up from the average. MRC Global Inc. (NYSE:MRC) has declined 7.82% since May 17, 2017 and is downtrending. It has underperformed by 19.37% the S&P500.

Pax World Management Llc, which manages about $3.21B and $1.74 billion US Long portfolio, decreased its stake in Planet Fitness Inc. Class A by 157,401 shares to 202,599 shares, valued at $7.02M in 2017Q4, according to the filing. It also reduced its holding in Kaiser Aluminum Corp. (NASDAQ:KALU) by 64,659 shares in the quarter, leaving it with 116,174 shares, and cut its stake in Icon Plc (NASDAQ:ICLR).

More news for MRC Global Inc. (NYSE:MRC) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Cognex, MRC Global, Fulton Financial, Synovus …” on May 14, 2018. Seekingalpha.com‘s article titled: “MRC Global 2018 Q1 – Results – Earnings Call Slides” and published on May 04, 2018 is yet another important article.

MRC Global Inc. (NYSE:MRC) Ratings Coverage

Among 4 analysts covering MRC Global (NYSE:MRC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. MRC Global had 8 analyst reports since December 10, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Friday, April 13 by Susquehanna. The stock has “Buy” rating by Susquehanna on Friday, January 12. The rating was maintained by Stephens with “Buy” on Friday, February 16. The stock has “Buy” rating by Stifel Nicolaus on Monday, April 16. The stock of MRC Global Inc. (NYSE:MRC) earned “Buy” rating by Stifel Nicolaus on Sunday, December 10. As per Friday, May 4, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, January 16.

MRC Global Inc. (NYSE:MRC) Institutional Positions Chart

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