Mercer International Inc. (NASDAQ:MERC) (TSE:MRI.U) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.

MERC has been the topic of a number of other research reports. Zacks Investment Research upgraded Mercer International from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research report on Wednesday, April 26th. TD Securities restated a “hold” rating and issued a $18.00 price target on shares of Mercer International in a research report on Monday, May 1st. Raymond James Financial, Inc. restated an “outperform” rating and issued a $18.00 price target on shares of Mercer International in a research report on Friday, April 28th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $12.00 price target on shares of Mercer International in a research report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Mercer International has an average rating of “Hold” and an average target price of $14.94.

Shares of Mercer International (MERC) traded down 0.235% during midday trading on Friday, hitting $10.625. 33,504 shares of the stock traded hands. The stock has a 50 day moving average of $11.43 and a 200 day moving average of $11.67. Mercer International has a 1-year low of $7.60 and a 1-year high of $12.98. The company has a market capitalization of $690.34 million, a P/E ratio of 18.101 and a beta of 1.57.

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In other Mercer International news, major shareholder Peter R. Kellogg acquired 93,446 shares of Mercer International stock in a transaction that occurred on Friday, July 14th. The shares were acquired at an average cost of $11.52 per share, with a total value of $1,076,497.92. Following the completion of the purchase, the insider now directly owns 150,000 shares of the company’s stock, valued at approximately $1,728,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Lauritzen sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $11.15, for a total value of $66,900.00. Following the completion of the sale, the director now directly owns 79,500 shares in the company, valued at $886,425. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 373,891 shares of company stock worth $4,266,380 and sold 29,560 shares worth $345,830. Company insiders own 4.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in MERC. O Shaughnessy Asset Management LLC raised its stake in 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. Kennedy Capital Management Inc. raised its stake in Mercer International by 274.0% in the first quarter. Kennedy Capital Management Inc. now owns 338,684 shares of the basic materials company’s stock valued at $3,963,000 after buying an additional 248,130 shares during the period. Russell Investments Group Ltd. raised its stake in Mercer International by 13.4% in the first quarter. Russell Investments Group Ltd. now owns 257,591 shares of the basic materials company’s stock valued at $3,013,000 after buying an additional 30,536 shares during the period. Nationwide Fund Advisors raised its stake in 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. Finally, Acrospire Investment Management LLC raised its stake in 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. 81.42% of the stock is currently owned by institutional investors and hedge funds.

About Mercer International

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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