Mrc Global (MRC) Shareholder Bluecrest Capital Management LTD Lowered Position by $2.04 Million as Stock Declined; Masters Capital Management Lifted Its Bank Amer (Call) (BAC) Holding by $36.73 Million as Market Valuation Declined

January 13, 2018 - By Peter Kolinski

Mike Masters increased its stake in Bank Amer Corp (Call) (BAC) by 41.6% based on its latest 2017Q3 regulatory filing with the SEC. Masters Capital Management Llc bought 1.47 million shares as the company’s stock declined 6.00% while stock markets rallied. The hedge fund run by Mike Masters held 5.00 million shares of the major banks company at the end of 2017Q3, valued at $126.70M, up from 3.53M at the end of the previous reported quarter. Masters Capital Management Llc who had been investing in Bank Amer Corp (Call) for a number of months, seems to be bullish on the $325.33 billion market cap company. The stock increased 1.73% or $0.53 during the last trading session, reaching $31.19. About 66.37 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 13, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Bluecrest Capital Management Ltd decreased its stake in Mrc Global Inc (MRC) by 90.99% based on its latest 2017Q3 regulatory filing with the SEC. Bluecrest Capital Management Ltd sold 120,036 shares as the company’s stock declined 1.90% while stock markets rallied. The institutional investor held 11,888 shares of the industrial machinery and components company at the end of 2017Q3, valued at $208,000, down from 131,924 at the end of the previous reported quarter. Bluecrest Capital Management Ltd who had been investing in Mrc Global Inc for a number of months, seems to be less bullish one the $1.79 billion market cap company. The stock increased 3.89% or $0.71 during the last trading session, reaching $18.98. About 839,204 shares traded or 2.37% up from the average. MRC Global Inc. (NYSE:MRC) has risen 52.93% since January 13, 2017 and is uptrending. It has outperformed by 36.23% the S&P500.

Among 13 analysts covering MRC Global (NYSE:MRC), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. MRC Global had 30 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 4 by Maxim Group. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 6. Cowen & Co maintained the stock with “Buy” rating in Monday, November 6 report. The firm has “Buy” rating by Seaport Global Securities given on Tuesday, February 21. The firm has “Market Perform” rating given on Friday, September 16 by Cowen & Co. The firm has “Buy” rating by Stifel Nicolaus given on Sunday, December 10. The stock of MRC Global Inc. (NYSE:MRC) has “Hold” rating given on Tuesday, November 10 by Maxim Group. The firm has “Buy” rating given on Friday, July 7 by Cowen & Co. The rating was downgraded by Seaport Global on Wednesday, June 21 to “Hold”. The firm has “Sector Perform” rating by KeyBanc Capital Markets given on Monday, November 9.

Bluecrest Capital Management Ltd, which manages about $2.46 billion US Long portfolio, upped its stake in Select Sector Spdr Tr (XLB) by 170,364 shares to 210,382 shares, valued at $11.95 million in 2017Q3, according to the filing. It also increased its holding in Prudential Finl Inc (NYSE:PRU) by 81,193 shares in the quarter, for a total of 95,461 shares, and has risen its stake in Macquarie Infrastructure Cor (NYSE:MIC).

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.04, from 1.04 in 2017Q2. It dived, 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. Monarch Prns Asset Management Limited Liability Company holds 0.78% of its portfolio in MRC Global Inc. (NYSE:MRC) for 465,086 shares. Artisan Partners LP stated it has 0.03% in MRC Global Inc. (NYSE:MRC). Morgan Stanley stated it has 0% of its portfolio in MRC Global Inc. (NYSE:MRC). Cramer Rosenthal Mcglynn Limited Liability Corporation stated it has 0.23% of its portfolio in MRC Global Inc. (NYSE:MRC). Wolverine Asset Mngmt Llc holds 0.02% or 102,165 shares in its portfolio. Ig Mngmt Ltd holds 260,000 shares or 0.02% of its portfolio. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in MRC Global Inc. (NYSE:MRC) for 3,385 shares. Envestnet Asset Management Inc holds 2,505 shares. Fuller Thaler Asset Management reported 3.78 million shares. Manufacturers Life Insurance The holds 68,376 shares. Comerica National Bank reported 21,502 shares. Panagora Asset Management Inc stated it has 39,118 shares or 0% of all its holdings. Public Employees Retirement Of Ohio holds 0% of its portfolio in MRC Global Inc. (NYSE:MRC) for 16,259 shares. Moreover, Arcadia Investment Mgmt Corporation Mi has 0.01% invested in MRC Global Inc. (NYSE:MRC) for 1,450 shares. Pacad Invest Ltd holds 0% or 600 shares in its portfolio.

Analysts await MRC Global Inc. (NYSE:MRC) to report earnings on February, 15. They expect $0.03 earnings per share, up 116.67% or $0.21 from last year’s $-0.18 per share. MRC’s profit will be $2.84 million for 158.17 P/E if the $0.03 EPS becomes a reality. After $0.02 actual earnings per share reported by MRC Global Inc. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. Nomura upgraded the stock to “Buy” rating in Tuesday, September 8 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Sunday, August 13. The company was maintained on Thursday, April 7 by JP Morgan. Wells Fargo maintained the shares of BAC in report on Wednesday, December 20 with “Buy” rating. The company was maintained on Tuesday, January 26 by Deutsche Bank. The stock has “Hold” rating by Standpoint Research on Thursday, December 1. The stock has “Buy” rating by Bernstein on Tuesday, September 1. The company was maintained on Wednesday, June 14 by RBC Capital Markets. Jefferies maintained the stock with “Buy” rating in Tuesday, July 21 report. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) on Wednesday, April 12 with “Hold” rating.

Since August 10, 2017, it had 0 buys, and 1 insider sale for $2.10 million activity.

Masters Capital Management Llc, which manages about $652.61 million and $4.29 billion US Long portfolio, decreased its stake in Deutsche Bank Ag (NYSE:DB) by 2.91 million shares to 2.00M shares, valued at $34.56M in 2017Q3, according to the filing. It also reduced its holding in At&T Inc (NYSE:T) by 1.00M shares in the quarter, leaving it with 1.00 million shares, and cut its stake in Metlife Inc (Call) (NYSE:MET).

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It worsened, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. 31.04M were accumulated by Eagle. Guardian Cap Lp holds 0.34% or 905,709 shares in its portfolio. Toscafund Asset Mngmt Ltd Liability Partnership stated it has 18.35% in Bank of America Corporation (NYSE:BAC). Ferguson Wellman Cap Mgmt Inc stated it has 0.02% of its portfolio in Bank of America Corporation (NYSE:BAC). 1.13M were reported by Capwealth Advisors Limited Com. Family Firm Inc, a Maryland-based fund reported 8,654 shares. Lowe Brockenbrough And reported 17,681 shares. Godshalk Welsh Capital Mgmt Inc reported 53,475 shares or 1.36% of all its holdings. Mutual Of America Cap Limited Liability Co reported 1.20M shares stake. Edgar Lomax Com Va owns 861,972 shares for 1.54% of their portfolio. Colony Grp Limited Liability reported 0.05% in Bank of America Corporation (NYSE:BAC). Beach Invest Mgmt Llc invested 2.41% in Bank of America Corporation (NYSE:BAC). Torray Limited Liability holds 856,418 shares. Boys Arnold Company owns 45,132 shares or 0.18% of their US portfolio. Blackrock Inc has 0.85% invested in Bank of America Corporation (NYSE:BAC).

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