McDermott International, Inc. (MDR) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its position in shares of McDermott International, Inc. (NYSE:MDR) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,765,343 shares of the company’s stock after selling 57,233 shares during the period. Van ECK Associates Corp’s holdings in McDermott International were worth $20,436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MDR. BlackRock Fund Advisors raised its position in shares of McDermott International by 6.6% in the third quarter. BlackRock Fund Advisors now owns 6,807,091 shares of the company’s stock valued at $34,104,000 after buying an additional 420,518 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of McDermott International by 553.7% in the third quarter. PNC Financial Services Group Inc. now owns 29,489 shares of the company’s stock valued at $146,000 after buying an additional 24,978 shares during the last quarter. Adirondack Research & Management Inc. raised its position in shares of McDermott International by 10.4% in the third quarter. Adirondack Research & Management Inc. now owns 616,577 shares of the company’s stock valued at $3,089,000 after buying an additional 58,206 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of McDermott International by 28.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,007,115 shares of the company’s stock valued at $39,555,000 after buying an additional 1,776,201 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of McDermott International by 202.7% in the third quarter. Prudential Financial Inc. now owns 3,103,747 shares of the company’s stock valued at $15,550,000 after buying an additional 2,078,430 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for McDermott International (NYSE:MDR)

Shares of McDermott International, Inc. (NYSE:MDR) traded up 1.51% during trading on Monday, hitting $8.05. The company had a trading volume of 1,914,991 shares. The stock’s 50-day moving average price is $7.72 and its 200 day moving average price is $6.11. The company has a market capitalization of $1.94 billion, a P/E ratio of 136.44 and a beta of 1.52. McDermott International, Inc. has a 52 week low of $2.28 and a 52 week high of $8.33.

“McDermott International, Inc. (MDR) Shares Sold by Van ECK Associates Corp” was published by sleekmoney and is owned by of sleekmoney. If you are viewing this piece on another website, it was copied illegally and reposted in violation of U.S. and international copyright legislation. The original version of this piece can be viewed at http://sleekmoney.com/mcdermott-international-inc-mdr-shares-sold-by-van-eck-associates-corp/1658712.html.

MDR has been the subject of several recent analyst reports. TheStreet raised McDermott International from a “sell” rating to a “hold” rating in a report on Monday, October 24th. Deutsche Bank AG boosted their price objective on McDermott International from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Wednesday, October 26th. Zacks Investment Research lowered McDermott International from a “strong-buy” rating to a “hold” rating in a report on Monday, January 2nd. Credit Suisse Group boosted their price objective on McDermott International from $5.45 to $8.80 and gave the stock a “neutral” rating in a report on Tuesday, January 31st. Finally, Citigroup Inc. boosted their price objective on McDermott International from $6.00 to $8.00 and gave the stock a “neutral” rating in a report on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. McDermott International currently has a consensus rating of “Hold” and an average target price of $6.78.

McDermott International Company Profile

McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI) and module fabrication services for upstream field developments. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for complex offshore and subsea oil and gas projects.

5 Day Chart for NYSE:MDR

Want to see what other hedge funds are holding MDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McDermott International, Inc. (NYSE:MDR).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/mcdermott-international-inc-mdr-shares-sold-by-van-eck-associates-corp/1658712.html

Receive News & Ratings for McDermott International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDermott International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *