7 hours Ago By ABMN Staff
Marshall Wace LLP decreased its stake in Mercer International Inc. ( NASDAQ:MERC – Free Report ) (TSE:MRI.U) by 15.
7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 168,044 shares of the basic materials company’s stock after selling 31,254 shares during the quarter. Marshall Wace LLP owned 0.
25% of Mercer International worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors have also recently bought and sold shares of the stock. Entropy Technologies LP increased its stake in Mercer International by 56.
0% in the 4th quarter. Entropy Technologies LP now owns 17,270 shares of the basic materials company’s stock worth $112,000 after purchasing an additional 6,200 shares in the last quarter. Geode Capital Management LLC increased its stake in Mercer International by 1.
7% in 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 in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Mercer International in the 4th quarter worth about $58,000.
Hedge funds and other institutional investors own 85.79% of the company’s stock. Analyst Ratings Changes MERC has been the topic of a number of analyst reports.
Raymond James dropped their price target on Mercer International from $7.50 to $7.00 in a research note on Thursday, January 30th.
Royal Bank of Canada dropped their price target on Mercer International from $7.00 to $5.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 22nd.
Finally, CIBC dropped their price target on Mercer International from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd.
Mercer International Trading Up 1.1 % Shares of NASDAQ MERC opened at $4.61 on Wednesday.
Mercer International Inc. has a one year low of $4.35 and a one year high of $11.
20. The firm has a market capitalization of $308.28 million, a PE ratio of -3.
63 and a beta of 1.26. The company has a current ratio of 3.
79, a quick ratio of 2.39 and a debt-to-equity ratio of 3.09.
The business has a 50-day moving average price of $6.06 and a two-hundred day moving average price of $6.34.
Mercer International ( NASDAQ:MERC – Get Free Report ) (TSE:MRI.U) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.
25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.23.
The business had revenue of $488.41 million during the quarter, compared to analyst estimates of $497.00 million.
Mercer International had a negative return on equity of 5.18% and a negative net margin of 4.17%.
As a group, analysts predict that Mercer International Inc. will post -0.29 earnings per share for the current fiscal year.
Mercer International Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.075 per share.
The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.30 annualized dividend and a dividend yield of 6.
51%. Mercer International’s dividend payout ratio is -23.62%.
Mercer International Company Profile ( Free Report ) 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.
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