McDermott International Inc (MDR) Shares Bought by AMG Funds LLC
AMG Funds LLC lifted its position in McDermott International Inc (NYSE:MDR) by 6.1% during the fourth quarter, Holdings Channel reports. The fund owned 227,136 shares of the oil and gas company’s stock after acquiring an additional 13,088 shares during the period. AMG Funds LLC’s holdings in McDermott International were worth $1,495,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of McDermott International by 93.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,937 shares of the oil and gas company’s stock worth $111,000 after acquiring an additional 8,176 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of McDermott International in the third quarter worth approximately $112,000. Meeder Asset Management Inc. lifted its position in McDermott International by 234.0% during the third quarter. Meeder Asset Management Inc. now owns 16,144 shares of the oil and gas company’s stock worth $117,000 after buying an additional 11,310 shares in the last quarter. Koch Industries Inc. lifted its position in McDermott International by 711.3% during the second quarter. Koch Industries Inc. now owns 164,323 shares of the oil and gas company’s stock worth $144,000 after buying an additional 144,069 shares in the last quarter. Finally, Bank of Stockton purchased a new position in McDermott International during the fourth quarter worth approximately $163,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.
McDermott International Inc (NYSE MDR) opened at $7.42 on Friday. McDermott International Inc has a 1 year low of $5.56 and a 1 year high of $9.07. The company has a market capitalization of $2,110.00, a P/E ratio of 14.00 and a beta of 1.58. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.70 and a current ratio of 1.70.
McDermott International Company Profile
McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects.
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