MRC Global Inc. (MRC) Reaches $22.06 52-Week High; Tri-continental (TY) Has 0.9 Sentiment

Sunday 1 July 2018

MRC Global Inc. (MRC) Reaches $22.06 52-Week High; Tri-continental (TY) Has 0.9 Sentiment

Tri-continental Corp (TY) investors sentiment decreased to 0.9 in Q1 2018. It’s down -0.07, from 0.97 in 2017Q4. The ratio has dropped, as 26 institutional investors increased or opened new positions, while 29 decreased and sold their equity positions in Tri-continental Corp. The institutional investors in our database now possess: 4.75 million shares, up from 4.73 million shares in 2017Q4. Also, the number of institutional investors holding Tri-continental Corp in top ten positions increased from 1 to 2 for an increase of 1. Sold All: 8 Reduced: 21 Increased: 20 New Position: 6.

The stock of MRC Global Inc. (NYSE:MRC) hit a new 52-week high and has $23.60 target or 7.00% above today’s $22.06 share price. The 7 months bullish chart indicates low risk for the $1.98B company. The 1-year high was reported on Jun, 29 by Barchart.com. If the $23.60 price target is reached, the company will be worth $138.46M more. The stock increased 2.11% or $0.455 during the last trading session, reaching $22.055. About 75,011 shares traded. MRC Global Inc. (NYSE:MRC) has risen 3.19% since June 29, 2017 and is uptrending. It has underperformed by 9.38% the S&P500. Some Historical MRC News: 12/04/2018 – MRC Global at Wells Fargo Industrials Conference May 8; 12/04/2018 – Oracle’s Moat Unveils New Invalid Traffic Detection Capabilities, Achieves Rigorous MRC Accreditation for SIVT of Desktop and M; 21/03/2018 – CMO Today: Facebook Fallout Intensifies; Google’s News Pledge; MRC Weighs Stricter Viewability Standards; 27/03/2018 – NORTHAM PLATINUM LTD NHMJ.J – AFFECTED EMPLOYEES ARE DEMANDING END-OF- CONTRACT TERMINATION PACKAGES FROM MRC; 14/05/2018 – Ubs O’Connor LLC Exits Position in MRC Global; 04/04/2018 – KNOW Identity Awards Names Reed Taussig `CEO of the Year’, While ThreatMetrix Wins MRC Technology Award; 01/05/2018 – MRC Global Presenting at Barclays Conference May 22; 22/04/2018 – DJ MRC Global Inc, Inst Holders, 1Q 2018 (MRC); 19/04/2018 – Moody’s Upgrades Mrc Global (US) Inc.’s Rating To B1; Outlook Stable; 26/05/2018 – Hometown Source: Royals perform well at MRC meet

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $151,272 activity.

The stock increased 0.87% or $0.23 during the last trading session, reaching $26.7. About 19,289 shares traded. Tri-Continental Corporation (TY) has risen 13.06% since June 29, 2017 and is uptrending. It has outperformed by 0.49% the S&P500.

Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. The company has market cap of $1.46 billion. It primarily invests in the public equity markets of the United States. It has a 6.08 P/E ratio. The fund invests in stocks of companies that operate across diversified sectors.

Blue Bell Private Wealth Management Llc holds 6.89% of its portfolio in Tri-Continental Corporation for 596,430 shares. Shaker Financial Services Llc owns 203,887 shares or 2.59% of their US portfolio. Moreover, Bulldog Investors Llc has 1.9% invested in the company for 263,957 shares. The Alabama-based Cornerstone Advisors Inc has invested 0.96% in the stock. Dubuque Bank & Trust Co, a Iowa-based fund reported 192,824 shares.

Since January 12, 2018, it had 0 insider buys, and 7 insider sales for $25.25 million activity. Another trade for 6,708 shares valued at $135,233 was sold by Bond Elton Ray. Lane Andrew R had sold 293,155 shares worth $5.57M on Wednesday, April 18. Another trade for 3,000 shares valued at $52,470 was sold by DUGANIER BARBARA J.

Among 4 analysts covering MRC Global (NYSE:MRC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. MRC Global has $24.0 highest and $20 lowest target. $22.33’s average target is 1.25% above currents $22.055 stock price. MRC Global had 7 analyst reports since January 12, 2018 according to SRatingsIntel. Susquehanna maintained MRC Global Inc. (NYSE:MRC) on Friday, April 13 with “Buy” rating. The stock of MRC Global Inc. (NYSE:MRC) has “Buy” rating given on Monday, April 16 by Stifel Nicolaus. The company was maintained on Tuesday, January 16 by Stifel Nicolaus. As per Friday, January 12, the company rating was maintained by Susquehanna. The stock of MRC Global Inc. (NYSE:MRC) has “Buy” rating given on Friday, February 16 by Stephens. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, May 4.

MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and related services and products to the energy industry in the United States, Canada, and internationally. The company has market cap of $1.98 billion. The firm supplies products across various markets, such as upstream, midstream, and downstream. It has a 55.41 P/E ratio. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.

Analysts await MRC Global Inc. (NYSE:MRC) to report earnings on August, 2. They expect $0.21 earnings per share, up 950.00% or $0.19 from last year’s $0.02 per share. MRC’s profit will be $18.83M for 26.26 P/E if the $0.21 EPS becomes a reality. After $0.13 actual earnings per share reported by MRC Global Inc. for the previous quarter, Wall Street now forecasts 61.54% EPS growth.

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