What’s Propelling Mercer International Inc. (MERC) to Reach 52-Week High?

May 17, 2018 - By Paula Hilliard

Investors sentiment increased to 1.93 in Q4 2017. Its up 0.53, from 1.4 in 2017Q3. It improved, as 5 investors sold Mercer International Inc. shares while 24 reduced holdings. 22 funds opened positions while 34 raised stakes. 48.35 million shares or 4.62% less from 50.69 million shares in 2017Q3 were reported.
Bank & Trust Of Montreal Can reported 2,700 shares. Arrowstreet Cap Partnership accumulated 18,800 shares or 0% of the stock. Gates Capital Mngmt accumulated 4.80 million shares or 1.65% of the stock. Numeric Ltd Co accumulated 681,351 shares or 0.07% of the stock. Knighthead Capital Mgmt Llc holds 4.73% of its portfolio in Mercer International Inc. (NASDAQ:MERC) for 2.32 million shares. Barclays Public Limited Com has 43 shares for 0% of their portfolio. Wells Fargo & Co Mn holds 460,517 shares or 0% of its portfolio. Jpmorgan Chase & Communications holds 0% or 81,661 shares. Nuveen Asset Management Limited Liability Corp accumulated 52,258 shares. 24,380 are held by Trexquant Limited Partnership. Tudor Invest Et Al, Connecticut-based fund reported 20,584 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv has 0.02% invested in Mercer International Inc. (NASDAQ:MERC). Foundry Ltd Llc has invested 0.19% in Mercer International Inc. (NASDAQ:MERC). Penn Cap Management holds 0.22% or 219,151 shares in its portfolio. D E Shaw And Co holds 332,577 shares.

Since December 12, 2017, it had 2 insider purchases, and 18 sales for $2.74 million activity. ORR NANCY had sold 1,400 shares worth $18,060. $19,183 worth of Mercer International Inc. (NASDAQ:MERC) was sold by Lauritzen Eric on Friday, April 20. $332,933 worth of stock was sold by LEE JIMMY S H on Tuesday, December 12. $137,569 worth of Mercer International Inc. (NASDAQ:MERC) shares were bought by KELLOGG PETER R.

The stock of Mercer International Inc. (NASDAQ:MERC) hit a new 52-week high and has $17.09 target or 7.00 % above today’s $15.98 share price. The 9 months bullish chart indicates low risk for the $1.04 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $17.09 price target is reached, the company will be worth $72.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.16% or $0.025 during the last trading session, reaching $15.975. About 125,989 shares traded. Mercer International Inc. (NASDAQ:MERC) has risen 4.64% since May 17, 2017 and is uptrending. It has underperformed by 6.91% the S&P500.

Mercer International Inc. (NASDAQ:MERC) Ratings Coverage

Among 3 analysts covering Mercer International Inc (NASDAQ:MERC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Mercer International Inc had 3 analyst reports since January 11, 2018 according to SRatingsIntel. On Thursday, January 11 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Friday, May 11, the company rating was upgraded by Credit Suisse.

More notable recent Mercer International Inc. (NASDAQ:MERC) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 11, 2018” on May 11, 2018, also Seekingalpha.com with their article: “Mercer International’s (MERC) CEO David Gandossi on Q1 2018 Results – Earnings Call Transcript” published on May 04, 2018, Streetinsider.com published: “Mercer Int’l (MERC) Could be Possible M&A Candidate for International Paper (IP) – CIBC” on May 07, 2018. More interesting news about Mercer International Inc. (NASDAQ:MERC) were released by: Nasdaq.com and their article: “Mercer International Inc. Reports Record First Quarter Results and Announces Quarterly Cash Dividend of $0.125” published on May 03, 2018 as well as Nasdaq.com‘s news article titled: “Mercer International Inc. to Present at Upcoming Barclays 2018 High Yield Bond and Syndicated Loan Conference” with publication date: May 08, 2018.

Mercer International Inc., together with its subsidiaries, makes and sells northern bleached softwood Kraft pulp worldwide. The company has market cap of $1.04 billion. It produces NBSK pulp principally from wood chips and pulp logs; and tall oil for use as a chemical additive and green energy source, as well as carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste. It has a 14.79 P/E ratio. The firm sells its pulp to tissue, specialty papers, and printing and writing paper manufacturers; and green energy to third party utilities.

Mercer International Inc. (NASDAQ:MERC) Institutional Positions Chart

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