State Board of Administration of Florida Retirement System continued to hold its stake in shares of MRC Global Inc (NYSE:MRC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,167 shares of the company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System owned approximately 0.07% of MRC Global worth $1,260,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of MRC Global during the third quarter valued at about $179,000. Blue Rock Advisors LLC purchased a new stake in shares of MRC Global during the third quarter valued at about $266,000. Quantitative Investment Management LLC purchased a new stake in shares of MRC Global during the third quarter valued at about $287,000. Moody National Bank Trust Division purchased a new stake in shares of MRC Global during the third quarter valued at about $305,000. Finally, DIAM Co. Ltd. purchased a new stake in shares of MRC Global during the third quarter valued at about $319,000.

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

Shares of MRC Global Inc (NYSE:MRC) opened at 17.80 on Tuesday. The company’s market cap is $1.69 billion. The stock’s 50 day moving average is $20.01 and its 200 day moving average is $18.37. MRC Global Inc has a 1-year low of $11.50 and a 1-year high of $22.52.

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Several brokerages have issued reports on MRC. Seaport Global Securities raised shares of MRC Global from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $25.00 in a research note on Tuesday, February 21st. Evercore ISI lifted their price target on shares of MRC Global to $25.00 in a research note on Wednesday, February 22nd. Zacks Investment Research downgraded shares of MRC Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Finally, TheStreet raised shares of MRC Global from a “d+” rating to a “c” rating in a research note on Thursday, February 16th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. MRC Global currently has a consensus rating of “Buy” and an average price target of $21.40.

In related news, EVP Daniel J. Churay sold 3,080 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $21.30, for a total transaction of $65,604.00. Following the completion of the sale, the executive vice president now owns 63,349 shares of the company’s stock, valued at approximately $1,349,333.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is currently owned by corporate insiders.

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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