Mercer International Inc. (NASDAQ:MERC) Major Shareholder Peter R. Kellogg Purchases 10,000 Shares

Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) major shareholder Peter R. Kellogg acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was bought at an average price of $14.25 per share, with a total value of $142,500.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Mercer International Inc. (NASDAQ:MERC) traded down $0.50 during trading on Thursday, hitting $14.20. 179,173 shares of the company’s stock traded hands, compared to its average volume of 149,335. The company has a market cap of $927.69, a PE ratio of 19.82 and a beta of 1.48. Mercer International Inc. has a 52 week low of $10.45 and a 52 week high of $15.00. The company has a quick ratio of 2.44, a current ratio of 3.58 and a debt-to-equity ratio of 1.40.

Several institutional investors have recently modified their holdings of MERC. Parametric Portfolio Associates LLC raised its position in shares of Mercer International by 9.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,478 shares of the basic materials company’s stock valued at $224,000 after acquiring an additional 1,654 shares during the last quarter. Renaissance Group LLC grew its holdings in shares of Mercer International by 10.5% in the 3rd quarter. Renaissance Group LLC now owns 43,100 shares of the basic materials company’s stock valued at $511,000 after buying an additional 4,087 shares during the period. James Investment Research Inc. acquired a new position in shares of Mercer International in the 4th quarter valued at $1,991,000. Nationwide Fund Advisors grew its holdings in shares of Mercer International by 16.5% in the 2nd quarter. Nationwide Fund Advisors now owns 216,961 shares of the basic materials company’s stock valued at $2,495,000 after buying an additional 30,661 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Mercer International by 11.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 240,556 shares of the basic materials company’s stock valued at $2,767,000 after buying an additional 23,872 shares during the period. Institutional investors own 79.39% of the company’s stock.

Several brokerages have commented on MERC. BidaskClub cut shares of Mercer International from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Credit Suisse Group cut shares of Mercer International from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 26th. Royal Bank of Canada upgraded shares of Mercer International from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $12.00 to $15.00 in a research report on Wednesday, October 18th. Finally, CSFB cut shares of Mercer International from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Mercer International currently has a consensus rating of “Hold” and an average target price of $16.19.

ILLEGAL ACTIVITY WARNING: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/01/peter-r-kellogg-acquires-10000-shares-of-mercer-international-inc-merc-stock.html.

Mercer International Company Profile

Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.

Insider Buying and Selling by Quarter for Mercer International (NASDAQ:MERC)

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

Leave a Reply