Time to Reconsider Mercer International Inc. (MERC) After Touching 52-Week High?

May 17, 2018 - By Deanna Todd

Investors sentiment increased to 1.93 in 2017 Q4. Its up 0.53, from 1.4 in 2017Q3. It increased, 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.
Highbridge Capital Management Limited Liability Corporation invested in 26,549 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.01% of its portfolio in Mercer International Inc. (NASDAQ:MERC) for 4,500 shares. Iat Reinsurance stated it has 16.48 million shares or 32.9% of all its holdings. Citigroup Incorporated has invested 0% of its portfolio in Mercer International Inc. (NASDAQ:MERC). Barclays Public Ltd Com has 0% invested in Mercer International Inc. (NASDAQ:MERC) for 43 shares. Royal Comml Bank Of Canada, a Ontario – Canada-based fund reported 119,700 shares. Knighthead Mngmt Lc holds 4.73% of its portfolio in Mercer International Inc. (NASDAQ:MERC) for 2.32M shares. Foundry Partners Limited Liability Corp invested in 0.19% or 326,363 shares. Cubist Systematic Strategies Ltd Company reported 15,981 shares stake. D E Shaw Co reported 0.01% of its portfolio in Mercer International Inc. (NASDAQ:MERC). Teachers Ins Annuity Association Of America invested in 0.04% or 54,578 shares. Invesco Ltd owns 0% invested in Mercer International Inc. (NASDAQ:MERC) for 31,629 shares. Gates Cap Management Inc has 4.80M shares. James Investment Research owns 139,270 shares or 0.07% of their US portfolio. Ajo Ltd Partnership reported 0.03% stake.

Since December 12, 2017, it had 2 insider buys, and 18 sales for $2.74 million activity. Shares for $165,902 were sold by GANDOSSI DAVID M. The insider KELLOGG PETER R bought $142,549. 1,400 Mercer International Inc. (NASDAQ:MERC) shares with value of $18,060 were sold by ORR NANCY. 1,400 shares were sold by Lauritzen Eric, worth $19,183.

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”. The stock of Mercer International Inc. (NASDAQ:MERC) has “Outperform” rating given on Friday, May 11 by Credit Suisse.

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