Tweedy Browne Company LLC Has Boosted Mrc Global INC (MRC) Holding by $11.63 Million as Shares Declined

March 14, 2018 - By Vivian Park

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.04, from 1.04 in 2017Q2. It worsened, as 21 investors sold MRC shares while 56 reduced holdings. 17 funds opened positions while 60 raised stakes. 88.03 million shares or 3.53% less from 91.26 million shares in 2017Q2 were reported. Schwab Charles Invest Mgmt Incorporated reported 0.01% of its portfolio in MRC Global Inc. (NYSE:MRC). Ameritas Investment Prtn, Nebraska-based fund reported 8,098 shares. Ubs Oconnor Llc has 0.62% invested in MRC Global Inc. (NYSE:MRC) for 1.54M shares. Brown Brothers Harriman & accumulated 0% or 1,000 shares. Laurion Cap Mngmt Lp holds 12,900 shares or 0% of its portfolio. Hbk Invs Limited Partnership reported 0.03% of its portfolio in MRC Global Inc. (NYSE:MRC). Commercial Bank Of America Corp De has invested 0% in MRC Global Inc. (NYSE:MRC). Synovus Financial, Georgia-based fund reported 26,508 shares. Invesco Ltd owns 123,126 shares or 0% of their US portfolio. Dudley Shanley Limited Liability Corporation holds 60,000 shares. Natl Insurance Co Tx owns 151,850 shares. Moreover, Morgan Stanley has 0% invested in MRC Global Inc. (NYSE:MRC) for 392,996 shares. 340,496 are held by American Century. Global X Co Ltd accumulated 0% or 3,784 shares. Tortoise Advsrs Ltd Co accumulated 0% or 27 shares.

Since January 12, 2018, it had 0 buys, and 2 insider sales for $5.62 million activity. $52,470 worth of MRC Global Inc. (NYSE:MRC) was sold by DUGANIER BARBARA J.

Tweedy Browne Company Llc increased its stake in Mrc Global Inc. (MRC) by 15.3% based on its latest 2017Q3 regulatory filing with the SEC. Tweedy Browne Company Llc bought 684,179 shares as the company’s stock declined 1.90% while stock markets rallied. The hedge fund held 5.16M shares of the industrial machinery and components company at the end of 2017Q3, valued at $90.17 million, up from 4.47M at the end of the previous reported quarter. Tweedy Browne Company Llc who had been investing in Mrc Global Inc. for a number of months, seems to be bullish on the $1.66 billion market cap company. The stock increased 0.33% or $0.06 during the last trading session, reaching $18.12. About 211,397 shares traded. MRC Global Inc. (NYSE:MRC) has risen 52.93% since March 14, 2017 and is uptrending. It has outperformed by 36.23% the S&P500.

More notable recent MRC Global Inc. (NYSE:MRC) news were published by: which released: “MRC Global’s (MRC) CEO Andrew Lane on Q4 2017 Results – Earnings Call Transcript” on February 16, 2018, also with their article: “MRC Global Announces First Quarter 2018 Earnings Release and Conference Call …” published on March 08, 2018, published: “MRC Global (MRC) Down on Q4 Earnings Miss, View Positive” on February 19, 2018. More interesting news about MRC Global Inc. (NYSE:MRC) were released by: and their article: “MRC Global Inc. Is Back in the Black Thanks to Tax Reform” published on February 16, 2018 as well as‘s news article titled: “MRC Global Battles Headwinds With Robust Growth Drivers” with publication date: March 05, 2018.

MRC Global Inc. (NYSE:MRC) Ratings Coverage

Among 15 analysts covering MRC Global (NYSE:MRC), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. MRC Global had 34 analyst reports since August 6, 2015 according to SRatingsIntel. The company was downgraded on Thursday, February 25 by Capital One. The firm has “Hold” rating given on Monday, October 9 by Robert W. Baird. The rating was initiated by KeyBanc Capital Markets on Friday, December 18 with “Sector Weight”. The stock of MRC Global Inc. (NYSE:MRC) earned “Buy” rating by Cowen & Co on Monday, November 6. As per Friday, September 15, the company rating was maintained by KeyBanc Capital Markets. KeyBanc Capital Markets downgraded the stock to “Sector Perform” rating in Monday, November 9 report. Stephens maintained the stock with “Buy” rating in Friday, February 16 report. The stock of MRC Global Inc. (NYSE:MRC) earned “Neutral” rating by Longbow on Thursday, February 25. The firm has “Buy” rating given on Friday, January 12 by Susquehanna. Stifel Nicolaus maintained the shares of MRC in report on Friday, September 1 with “Buy” rating.

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