Mercer International Inc. (NASDAQ:MERC) Shares Bought by Entropy Technologies LP

Entropy Technologies LP grew its holdings in shares of Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) by 56.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,270 shares of the basic materials company’s stock after purchasing an additional 6,200 shares during the quarter. Entropy Technologies LP’s holdings in Mercer International were worth $112,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Mercer International by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 525,532 shares of the basic materials company’s stock worth $3,559,000 after purchasing an additional 8,957 shares during the last quarter. Quantbot Technologies LP boosted its stake in Mercer International by 505.8% during the 3rd quarter. Quantbot Technologies LP now owns 49,483 shares of the basic materials company’s stock worth $335,000 after purchasing an additional 41,315 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Mercer International by 22.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 36,661 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 6,786 shares during the last quarter. Institutional investors and hedge funds own 85.79% of the company’s stock.

Mercer International Trading Up 0.5 %

NASDAQ MERC opened at $6.54 on Friday. The firm’s 50-day moving average is $6.53 and its two-hundred day moving average is $6.48. Mercer International Inc. has a 12 month low of $5.33 and a 12 month high of $11.20. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.79 and a quick ratio of 2.39. The stock has a market capitalization of $437.33 million, a P/E ratio of -2.31 and a beta of 1.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MERC shares. StockNews.com raised shares of Mercer International from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Raymond James lowered their price target on shares of Mercer International from $7.50 to $7.00 in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $7.00 price target on shares of Mercer International in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Mercer International currently has a consensus rating of “Hold” and an average target price of $8.25.

Mercer International Profile

Mercer International Inc, together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills.