Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also weighed in on the stock. TD Securities upped their target price on shares of Mercer International from $13.00 to $15.75 and gave the stock a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $12.00 target price on shares of Mercer International in a research note on Tuesday, May 23rd. Zacks Investment Research lowered shares of Mercer International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $18.00 target price on shares of Mercer International in a research note on Friday, April 28th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Mercer International presently has a consensus rating of “Hold” and a consensus target price of $14.94.

Shares of Mercer International (NASDAQ MERC) remained flat at $10.95 during mid-day trading on Friday. The company’s stock had a trading volume of 152,903 shares. The firm has a 50 day moving average price of $11.34 and a 200-day moving average price of $11.64. The firm has a market capitalization of $711.45 million, a P/E ratio of 18.65 and a beta of 1.57. Mercer International has a 52-week low of $7.60 and a 52-week high of $12.98.

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In other Mercer International news, major shareholder Peter R. Kellogg purchased 13,906 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were purchased at an average cost of $11.17 per share, with a total value of $155,330.02. Following the transaction, the insider now directly owns 130,189 shares of the company’s stock, valued at approximately $1,454,211.13. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Shepherd sold 4,560 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $10.91, for a total transaction of $49,749.60. Following the sale, the director now directly owns 31,450 shares in the company, valued at $343,119.50. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 292,394 shares of company stock valued at $3,355,167 and sold 29,560 shares valued at $345,830. 4.90% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in shares of Mercer International by 2,667.4% in the first quarter. Acrospire Investment Management LLC now owns 14,667 shares of the basic materials company’s stock valued at $172,000 after buying an additional 14,137 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Mercer International by 17.8% in the first quarter. Parametric Portfolio Associates LLC now owns 17,824 shares of the basic materials company’s stock valued at $209,000 after buying an additional 2,689 shares during the period. Renaissance Group LLC boosted its stake in shares of Mercer International by 2.4% in the first quarter. Renaissance Group LLC now owns 35,579 shares of the basic materials company’s stock valued at $416,000 after buying an additional 847 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Mercer International by 1.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 42,870 shares of the basic materials company’s stock valued at $502,000 after buying an additional 468 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in shares of Mercer International by 1,193.8% in the first quarter. Nationwide Fund Advisors now owns 186,300 shares of the basic materials company’s stock valued at $2,180,000 after buying an additional 171,900 shares during the period. 81.41% of the stock is currently owned by hedge funds and other institutional investors.

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.

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