Sentiment Change Report: Mercer International Inc (NASDAQ:MERC)

Sentiment for Mercer International Inc (NASDAQ:MERC)

Mercer International Inc (NASDAQ:MERC) institutional sentiment increased to 1.43 in 2019 Q1. Its up 0.24, from 1.19 in 2018Q4. The ratio is more positive, as 76 active investment managers opened new and increased equity positions, while 53 cut down and sold equity positions in Mercer International Inc. The active investment managers in our partner’s database now have: 50.29 million shares, up from 47.91 million shares in 2018Q4. Also, the number of active investment managers holding Mercer International Inc in their top 10 equity positions increased from 2 to 3 for an increase of 1. Sold All: 20 Reduced: 33 Increased: 39 New Position: 37.

Mercer International Inc., together with its subsidiaries, makes and sells northern bleached softwood Kraft pulp worldwide. The company has market cap of $894.17 million. 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 5.8 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.

The stock increased 1.79% or $0.24 during the last trading session, reaching $13.62. About 279,398 shares traded. Mercer International Inc. (NASDAQ:MERC) has risen 9.07% since July 14, 2018 and is uptrending. It has outperformed by 4.64% the S&P500.

Analysts await Mercer International Inc. (NASDAQ:MERC) to report earnings on July, 25. They expect $0.61 earnings per share, up 134.62 % or $0.35 from last year’s $0.26 per share. MERC’s profit will be $40.05 million for 5.58 P/E if the $0.61 EPS becomes a reality. After $0.78 actual earnings per share reported by Mercer International Inc. for the previous quarter, Wall Street now forecasts -21.79 % negative EPS growth.

Iat Reinsurance Co Ltd. holds 37.5% of its portfolio in Mercer International Inc. for 16.34 million shares. Knighthead Capital Management Llc owns 1.95 million shares or 4.88% of their US portfolio. Moreover, Redwood Capital Management Llc has 1.92% invested in the company for 2.07 million shares. The New York-based Gates Capital Management Inc. has invested 1.8% in the stock. Walthausen & Co. Llc, a New York-based fund reported 888,729 shares.

More notable recent Mercer International Inc. (NASDAQ:MERC) news were published by: Seekingalpha.com which released: “Mercer International: Driven By Pulp And Power – Seeking Alpha” on October 09, 2018, also Globenewswire.com with their article: “Mercer International Inc. Announces Plans to Issue $350 Million of Senior Notes in Private Offering – GlobeNewswire” published on November 28, 2018, Nasdaq.com published: “Teleflex Incorporated (TFX) Ex-Dividend Date Scheduled for May 14, 2019 – Nasdaq” on May 13, 2019. More interesting news about Mercer International Inc. (NASDAQ:MERC) were released by: Benzinga.com and their article: “80 Biggest Movers From Friday – Benzinga” published on May 06, 2019 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For February 14, 2019 – Benzinga” with publication date: February 14, 2019.

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

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