MRC Global Inc. (MRC) Touches $16.42 Formed H&S; Park West Asset Management Has Cut Blucora (BCOR) Holding

MRC Global Inc. (MRC) formed inverse H&S with $17.90 target or 9.00% above today’s $16.42 share price. MRC Global Inc. (MRC) has $1.52B valuation. The stock decreased 4.14% or $0.71 during the last trading session, reaching $16.42. About 948,000 shares traded or 45.54% up from the average. MRC Global Inc. (NYSE:MRC) has risen 52.93% since March 25, 2017 and is uptrending. It has outperformed by 36.23% the S&P500.

Park West Asset Management Llc decreased Blucora Inc (BCOR) stake by 29.68% reported in 2017Q3 SEC filing. Park West Asset Management Llc sold 400,333 shares as Blucora Inc (BCOR)’s stock rose 29.25%. The Park West Asset Management Llc holds 948,600 shares with $24.00 million value, down from 1.35M last quarter. Blucora Inc now has $1.10 billion valuation. The stock decreased 4.07% or $1 during the last trading session, reaching $23.55. About 455,148 shares traded or 20.33% up from the average. Blucora, Inc. (NASDAQ:BCOR) has risen 147.59% since March 25, 2017 and is uptrending. It has outperformed by 130.89% the S&P500.

Among 5 analysts covering Blucora (NASDAQ:BCOR), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Blucora had 10 analyst reports since August 22, 2015 according to SRatingsIntel. The rating was maintained by Barrington Research with “Outperform” on Friday, October 28. On Friday, February 12 the stock rating was maintained by Wedbush with “Outperform”. Benchmark maintained it with “Buy” rating and $2300 target in Wednesday, July 26 report. The rating was upgraded by Barrington Research on Monday, May 2 to “Outperform”. The rating was initiated by William Blair with “Buy” on Tuesday, March 20. Benchmark maintained Blucora, Inc. (NASDAQ:BCOR) on Tuesday, February 16 with “Buy” rating. The rating was upgraded by Craig Hallum on Friday, April 29 to “Buy”. The firm has “Buy” rating given on Monday, August 24 by Benchmark. The rating was maintained by Benchmark with “Buy” on Saturday, August 22.

Analysts await Blucora, Inc. (NASDAQ:BCOR) to report earnings on May, 3. They expect $0.86 earnings per share, down 14.00% or $0.14 from last year’s $1 per share. BCOR’s profit will be $40.17 million for 6.85 P/E if the $0.86 EPS becomes a reality. After $-0.19 actual earnings per share reported by Blucora, Inc. for the previous quarter, Wall Street now forecasts -552.63% EPS growth.

Park West Asset Management Llc increased Liberty Media Corp Delaware stake by 228,699 shares to 1.00M valued at $25.42 million in 2017Q3. It also upped Nexstar Media Group Inc (NASDAQ:NXST) stake by 1.53 million shares and now owns 1.55M shares. Scientific Games Corp (NASDAQ:SGMS) was raised too.

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. Maxim Group downgraded the shares of MRC in report on Tuesday, November 10 to “Hold” rating. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Friday, December 18 report. The rating was initiated by CapitalOne with “Overweight” on Tuesday, December 29. The rating was maintained by Cowen & Co on Monday, August 7 with “Outperform”. Cowen & Co maintained MRC Global Inc. (NYSE:MRC) on Friday, October 6 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, July 6. Longbow downgraded the stock to “Neutral” rating in Thursday, February 25 report. The firm has “Equal-Weight” rating by Capital One given on Thursday, February 25. Stifel Nicolaus maintained MRC Global Inc. (NYSE:MRC) on Friday, September 1 with “Buy” rating. The company was upgraded on Tuesday, February 21 by Seaport Global Securities.

Analysts await MRC Global Inc. (NYSE:MRC) to report earnings on May, 2 after the close. MRC’s profit will be $7.38M for 51.31 P/E if the $0.08 EPS becomes a reality. After $-0.01 actual earnings per share reported by MRC Global Inc. for the previous quarter, Wall Street now forecasts -900.00% EPS growth.

Investors sentiment increased to 1.01 in 2017 Q3. Its up 0.01, from 1 in 2017Q2. It increased, as 21 investors sold MRC Global Inc. 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. Bnp Paribas Asset Mgmt Holding owns 0.08% invested in MRC Global Inc. (NYSE:MRC) for 538,785 shares. 8,603 are held by Tower Research Cap Limited Liability Co (Trc). Quantbot Ltd Partnership owns 0.02% invested in MRC Global Inc. (NYSE:MRC) for 14,092 shares. Hong Kong-based Point72 Asia (Hong Kong) Limited has invested 0% in MRC Global Inc. (NYSE:MRC). Intll Grp Inc invested in 0% or 59,936 shares. Robeco Institutional Asset Management Bv owns 104,075 shares. Dimensional Fund Advsr Limited Partnership has 3.98M shares for 0.03% of their portfolio. Legal & General Gp Public Ltd Liability Company holds 0% in MRC Global Inc. (NYSE:MRC) or 161,432 shares. Canada Pension Plan Board reported 300,820 shares. Bnp Paribas Arbitrage Sa reported 12,940 shares or 0% of all its holdings. Natixis accumulated 11,127 shares. Gsa Ltd Liability Partnership has 0.09% invested in MRC Global Inc. (NYSE:MRC). Laurion Cap Mngmt Lp has invested 0% in MRC Global Inc. (NYSE:MRC). Monarch Ptnrs Asset Mgmt Lc owns 465,086 shares. Redwood Invs Ltd holds 0.02% or 12,131 shares in its portfolio.

Since January 12, 2018, it had 0 insider buys, and 2 selling transactions for $5.62 million activity. Lane Andrew R sold 293,154 shares worth $5.57 million. 3,000 MRC Global Inc. (NYSE:MRC) shares with value of $52,470 were sold by DUGANIER BARBARA J.