Mercer International (MERC) : Knighthead Capital Management scooped up 58,444 additional shares in Mercer International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,692,885 shares of Mercer International which is valued at $23,158,811.Mercer International makes up approximately 14.62% of Knighthead Capital Management’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in MERC in the latest quarter, The investment management firm added 18,588 additional shares and now holds a total of 73,141 shares of Mercer International which is valued at $629,013.O’shaughnessy Asset Management boosted its stake in MERC in the latest quarter, The investment management firm added 13,452 additional shares and now holds a total of 29,095 shares of Mercer International which is valued at $244,398. Mercer International makes up approx 0.01% of O’shaughnessy Asset Management’s portfolio.Shufro Rose Co boosted its stake in MERC in the latest quarter, The investment management firm added 84,600 additional shares and now holds a total of 117,850 shares of Mercer International which is valued at $989,940. Mercer International makes up approx 0.11% of Shufro Rose Co’s portfolio.Oak Associates Ltd Oh boosted its stake in MERC in the latest quarter, The investment management firm added 15,165 additional shares and now holds a total of 46,335 shares of Mercer International which is valued at $391,531. Mercer International makes up approx 0.04% of Oak Associates Ltd Oh’s portfolio.Emerald Advisers Incpa reduced its stake in MERC by selling 20,372 shares or 19.76% in the most recent quarter. The Hedge Fund company now holds 82,706 shares of MERC which is valued at $653,377. Mercer International makes up approx 0.03% of Emerald Advisers Incpa’s portfolio.

Mercer International opened for trading at $9.1 and hit $9.3 on the upside on Monday, eventually ending the session at $9.25, with a gain of 2.21% or 0.2 points. The heightened volatility saw the trading volume jump to 1,01,009 shares. Company has a market cap of $598 M.

Investors should note that on Oct 27, 2016, Mercer International announced a cash dividend of $0.1150. The company’s management has announced Dec 20, 2016 as the ex-dividend date and fixed the record date on Dec 22, 2016. The payable date has been fixed on Jan 4, 2017.

Mercer International Inc. (Mercer) operates in the pulp industry. The Company produces bleached softwood kraft (NBSK) pulp. It also produces pulp for resale known as market pulp in Germany. The Company generates and sells green energy to regional utilities. Its operations are located in Eastern Germany and Western Canada. It operates three NBSK pulp mills. The Company’s wholly owned subsidiary Rosenthal owns and operates the Rosenthal mill which has an annual production capacity of approximately 360000 ADMTs and 57 MW of electrical generation. The Company’s subsidiary Stendal owns and operates the Stendal mill which has an annual production capacity of approximately 660000 ADMTs and 148 MW of electrical generation. The Company’s wholly owned subsidiary Celgar owns and operates the Celgar mill which is a NBSK pulp mill with an annual production capacity of approximately 520000 ADMTs and 100 MW of electrical generation.

 

Source:tradecalls.org

Report Abuse