Knightsbridge Asset Management Stake in Old Rep Intl (ORI) Boosted as Share Price Rose; Shufro Rose & Co Trimmed Its Mercer Intl (MERC) Position by $401,800 as Market Value Declined

April 21, 2018 - By Darrin Black

Knightsbridge Asset Management Llc increased its stake in Old Rep Intl Corp (ORI) by 4.11% based on its latest 2017Q4 regulatory filing with the SEC. Knightsbridge Asset Management Llc bought 16,478 shares as the company’s stock rose 5.11% while stock markets declined. The institutional investor held 417,665 shares of the property-casualty insurers company at the end of 2017Q4, valued at $8.93M, up from 401,187 at the end of the previous reported quarter. Knightsbridge Asset Management Llc who had been investing in Old Rep Intl Corp for a number of months, seems to be bullish on the $6.37 billion market cap company. The stock decreased 0.23% or $0.05 during the last trading session, reaching $21.5. About 1.26M shares traded. Old Republic International Corporation (NYSE:ORI) has risen 11.06% since April 21, 2017 and is uptrending. It has underperformed by 0.49% the S&P500.

Shufro Rose & Co Llc decreased its stake in Mercer Intl Inc (MERC) by 16.18% based on its latest 2017Q4 regulatory filing with the SEC. Shufro Rose & Co Llc sold 28,700 shares as the company’s stock declined 12.68% with the market. The institutional investor held 148,650 shares of the paper company at the end of 2017Q4, valued at $2.13M, down from 177,350 at the end of the previous reported quarter. Shufro Rose & Co Llc who had been investing in Mercer Intl Inc for a number of months, seems to be less bullish one the $892.24M market cap company. The stock decreased 1.44% or $0.2 during the last trading session, reaching $13.7. About 102,583 shares traded. Mercer International Inc. (NASDAQ:MERC) has risen 4.64% since April 21, 2017 and is uptrending. It has underperformed by 6.91% the S&P500.

Since October 24, 2017, it had 2 buys, and 18 sales for $3.08 million activity. Shares for $142,549 were bought by KELLOGG PETER R. 25,000 shares valued at $361,571 were sold by LEE JIMMY S H on Tuesday, January 16. $18,251 worth of Mercer International Inc. (NASDAQ:MERC) was sold by Lauritzen Eric. ORR NANCY sold $28,355 worth of Mercer International Inc. (NASDAQ:MERC) on Wednesday, March 14.

Among 6 analysts covering Mercer Intl (NASDAQ:MERC), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Mercer Intl had 17 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was downgraded by Raymond James to “Outperform” on Wednesday, January 27. The rating was upgraded by TD Securities on Friday, September 11 to “Buy”. The firm has “Buy” rating given on Thursday, January 11 by RBC Capital Markets. RBC Capital Markets downgraded Mercer International Inc. (NASDAQ:MERC) on Friday, January 6 to “Sector Perform” rating. The company was maintained on Sunday, October 29 by RBC Capital Markets. As per Thursday, July 27, the company rating was maintained by RBC Capital Markets. The stock has “Outperform” rating by RBC Capital Markets on Thursday, October 19. The stock of Mercer International Inc. (NASDAQ:MERC) has “Buy” rating given on Wednesday, January 13 by Sidoti. The company was maintained on Sunday, October 8 by RBC Capital Markets. Credit Suisse downgraded the shares of MERC in report on Friday, October 27 to “Neutral” rating.

Shufro Rose & Co Llc, which manages about $1.64B and $1.02B US Long portfolio, upped its stake in Synchrony Finl (NYSE:SYF) by 144,000 shares to 204,275 shares, valued at $7.89M in 2017Q4, according to the filing. It also increased its holding in Realogy Hldgs Corp (NYSE:RLGY) by 19,530 shares in the quarter, for a total of 212,530 shares, and has risen its stake in Arconic Inc.

Investors sentiment increased to 1.93 in 2017 Q4. Its up 0.53, from 1.4 in 2017Q3. It is positive, as 5 investors sold MERC shares while 24 reduced holdings. 22 funds opened positions while 34 raised stakes. 48.35 million shares or 4.62% less from 50.69 million shares in 2017Q3 were reported. Bridgeway owns 0.06% invested in Mercer International Inc. (NASDAQ:MERC) for 386,200 shares. Franklin Inc stated it has 0% of its portfolio in Mercer International Inc. (NASDAQ:MERC). Balyasny Asset Mngmt Ltd Limited Liability Company holds 20,000 shares or 0% of its portfolio. Amundi Pioneer Asset, a Massachusetts-based fund reported 331,175 shares. 8,823 were reported by Great West Life Assurance Can. Group One Trading LP reported 12,842 shares or 0% of all its holdings. Toronto Dominion Bank stated it has 0% of its portfolio in Mercer International Inc. (NASDAQ:MERC). Walleye Trading Limited invested in 0% or 29,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% in Mercer International Inc. (NASDAQ:MERC). Walthausen And Ltd has invested 1.4% in Mercer International Inc. (NASDAQ:MERC). James Inv Incorporated has invested 0.07% in Mercer International Inc. (NASDAQ:MERC). Renaissance Tech Ltd Liability Corporation, a New York-based fund reported 2.40 million shares. Susquehanna International Gru Incorporated Ltd Liability Partnership has invested 0% of its portfolio in Mercer International Inc. (NASDAQ:MERC). Gates Cap Mgmt invested in 1.65% or 4.80M shares. Morgan Stanley holds 374,211 shares or 0% of its portfolio.

Since February 15, 2018, it had 2 buys, and 0 selling transactions for $103,759 activity. Shares for $1,609 were bought by ZUCARO ALDO C.

Knightsbridge Asset Management Llc, which manages about $398.58M and $158.14M US Long portfolio, decreased its stake in Pbf Energy Inc (NYSE:PBF) by 277,735 shares to 58,164 shares, valued at $2.06 million in 2017Q4, according to the filing.

Among 2 analysts covering Old Republic Intl (NYSE:ORI), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Old Republic Intl had 2 analyst reports since October 30, 2017 according to SRatingsIntel. On Monday, February 12 the stock rating was upgraded by JMP Securities to “Outperform”. The rating was upgraded by Raymond James on Monday, October 30 to “Strong Buy”.

Investors sentiment increased to 1.63 in Q4 2017. Its up 0.50, from 1.13 in 2017Q3. It is positive, as 15 investors sold ORI shares while 89 reduced holdings. 57 funds opened positions while 112 raised stakes. 189.18 million shares or 4.15% more from 181.64 million shares in 2017Q3 were reported. Robeco Institutional Asset Bv stated it has 3.40M shares or 0.38% of all its holdings. Suntrust Banks Inc has invested 0.01% in Old Republic International Corporation (NYSE:ORI). Security Bank & Trust Of So Dak reported 13,625 shares stake. Geode Management Ltd reported 2.53M shares or 0.02% of all its holdings. D E Shaw Inc holds 652,427 shares. Trexquant Investment LP holds 0.12% or 52,093 shares. West Oak Limited Liability Com invested in 0.01% or 600 shares. Moreover, Verition Fund Llc has 0.09% invested in Old Republic International Corporation (NYSE:ORI) for 46,184 shares. 74,240 were reported by Spc Fincl. Virginia Retirement Sys Et Al reported 0.01% in Old Republic International Corporation (NYSE:ORI). Jacobs Levy Equity Management owns 102,400 shares. Retail Bank Of Mellon Corp holds 0.02% in Old Republic International Corporation (NYSE:ORI) or 4.15M shares. Numeric Investors Limited Co invested in 0.02% or 132,800 shares. Hancock Holdg Com reported 69,290 shares. Farmers Commercial Bank reported 970 shares or 0.03% of all its holdings.

Mercer International Inc. (NASDAQ:MERC) Institutional Positions Chart

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