Steelhead Partners adds Mercer International (MERC) to its portfolio

Mercer International (MERC) : Steelhead Partners added new position in Mercer International during the most recent quarter end. The investment management firm now holds 10,000 shares of Mercer International which is valued at $81,700 , the company said in a statement filed on Aug 15, 2016 with the SEC.Mercer International makes up approximately 0.08% of Steelhead Partners’s portfolio.

Other Hedge Funds, Including , Knighthead Capital Management reduced its stake in MERC by selling 259,111 shares or 8.63% in the most recent quarter. The Hedge Fund company now holds 2,742,669 shares of MERC which is valued at $22,407,606. Mercer International makes up approx 9.88% of Knighthead Capital Management’s portfolio.Portolan Capital Management reduced its stake in MERC by selling 364,121 shares or 71.08% in the most recent quarter. The Hedge Fund company now holds 148,139 shares of MERC which is valued at $1,210,296. Mercer International makes up approx 0.16% of Portolan Capital Management’s portfolio. Indexiq Advisors sold out all of its stake in MERC during the most recent quarter. The investment firm sold 31,603 shares of MERC which is valued $258,197. Moors Cabot added MERC to its portfolio by purchasing 10,300 company shares during the most recent quarter which is valued at $85,387. Mercer International makes up approx 0.01% of Moors Cabot’s portfolio.

Mercer International opened for trading at $8.51 and hit $8.74 on the upside on Wednesday, eventually ending the session at $8.64, with a gain of 1.05% or 0.09 points. The heightened volatility saw the trading volume jump to 98,629 shares. Company has a market cap of $559 M.

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.

Leave a Reply

Mercer International - Is it time to Sell?

Top Brokerage Firms are advising their investors on Mercer International. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.