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Grupo Financiero Galicia S A (GGAL) Shares Rose While New Vernon Investment Management Has Trimmed Its Stake; Gates Capital Management Has Trimmed Its Mercer Intl (MERC) Position by $8.53 Million as Stock Declined

Jeffrey Gates decreased its stake in Mercer Intl Inc (MERC) by 8.5% based on its latest 2017Q3 regulatory filing with the SEC. Gates Capital Management Inc sold 775,583 shares as the company’s stock declined 10.80% while stock markets rallied. The hedge fund run by Jeffrey Gates held 8.34 million shares of the paper company at the end of 2017Q3, valued at $98.88 million, down from 9.12 million at the end of the previous reported quarter. Gates Capital Management Inc who had been investing in Mercer Intl Inc for a number of months, seems to be less bullish one the $877.22 million market cap company. The stock increased 2.66% or $0.35 during the last trading session, reaching $13.5. About 309,994 shares traded or 76.82% up from the average. Mercer International Inc. (NASDAQ:MERC) has risen 25.28% since February 19, 2017 and is uptrending. It has outperformed by 8.58% the S&P500.

New Vernon Investment Management Llc decreased its stake in Grupo Financiero Galicia S A (GGAL) by 30.01% based on its latest 2017Q3 regulatory filing with the SEC. New Vernon Investment Management Llc sold 22,300 shares as the company’s stock rose 23.69% with the market. The hedge fund held 52,000 shares of the commercial banks company at the end of 2017Q3, valued at $2.68 million, down from 74,300 at the end of the previous reported quarter. New Vernon Investment Management Llc who had been investing in Grupo Financiero Galicia S A for a number of months, seems to be less bullish one the $10.56B market cap company. The stock decreased 0.81% or $0.55 during the last trading session, reaching $67.02. About 777,370 shares traded or 66.99% up from the average. Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has risen 63.44% since February 19, 2017 and is uptrending. It has outperformed by 46.74% the S&P500.

Gates Capital Management Inc, which manages about $3.48 billion and $3.53B US Long portfolio, upped its stake in Ion Geophysical Corp by 168,672 shares to 751,618 shares, valued at $7.15 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (Put) (IWM) by 2.50 million shares in the quarter, for a total of 8.00M shares, and has risen its stake in Davita Inc (NYSE:DVA).

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 firm has “Buy” rating by TD Securities given on Friday, September 11. RBC Capital Markets maintained Mercer International Inc. (NASDAQ:MERC) on Thursday, January 11 with “Buy” rating. Credit Suisse upgraded Mercer International Inc. (NASDAQ:MERC) on Monday, November 2 to “Outperform” rating. The rating was maintained by RBC Capital Markets on Sunday, October 8 with “Hold”. The company was upgraded on Thursday, October 19 by RBC Capital Markets. The company was downgraded on Friday, April 29 by TD Securities. Standpoint Research initiated the stock with “Buy” rating in Tuesday, April 26 report. RBC Capital Markets downgraded Mercer International Inc. (NASDAQ:MERC) rating on Friday, January 6. RBC Capital Markets has “Sector Perform” rating and $10 target. Raymond James upgraded the shares of MERC in report on Wednesday, August 26 to “Outperform” rating. The rating was downgraded by Standpoint Research to “Hold” on Monday, January 23.

Since August 21, 2017, it had 4 insider buys, and 23 selling transactions for $28.72 million activity. The insider Lauritzen Eric sold 8,500 shares worth $120,790. The insider KELLOGG PETER R bought $33.00 million. Another trade for 25,000 shares valued at $277,264 was made by LEE JIMMY S H on Monday, September 11.

Investors sentiment increased to 1.4 in Q3 2017. Its up 0.09, from 1.31 in 2017Q2. It increased, as 13 investors sold MERC shares while 22 reduced holdings. 15 funds opened positions while 34 raised stakes. 50.69 million shares or 1.57% less from 51.50 million shares in 2017Q2 were reported. Moreover, Geode Capital Management Lc has 0% invested in Mercer International Inc. (NASDAQ:MERC) for 362,495 shares. Oak Associate Ltd Oh stated it has 0.04% of its portfolio in Mercer International Inc. (NASDAQ:MERC). 2.08 million are held by Redwood Capital Management Lc. Hartford Fincl Management Inc owns 4,500 shares for 0.03% of their portfolio. Blackrock accumulated 421,594 shares. Renaissance Grp Inc Lc holds 43,100 shares. Moreover, Credit Suisse Ag has 0% invested in Mercer International Inc. (NASDAQ:MERC) for 51,572 shares. Commercial Bank Of Montreal Can owns 2,880 shares. Iat Reinsurance Communication holds 30.11% of its portfolio in Mercer International Inc. (NASDAQ:MERC) for 16.47M shares. Gru One Trading Ltd Partnership holds 3,842 shares or 0% of its portfolio. Schwab Charles Invest Incorporated has invested 0% in Mercer International Inc. (NASDAQ:MERC). Deutsche State Bank Ag has 82,857 shares for 0% of their portfolio. 292,848 were reported by Penn Capital Com Incorporated. Gsa Prns Ltd Liability Partnership holds 0.08% in Mercer International Inc. (NASDAQ:MERC) or 103,673 shares. Toronto Dominion Bank owns 9,519 shares.

Among 4 analysts covering Grupo Financiero Galicia (NASDAQ:GGAL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Grupo Financiero Galicia had 6 analyst reports since August 7, 2015 according to SRatingsIntel. Credit Suisse initiated the stock with “Neutral” rating in Tuesday, March 29 report. The rating was upgraded by Credit Suisse on Friday, October 28 to “Outperform”. Citigroup upgraded Grupo Financiero Galicia S.A. (NASDAQ:GGAL) on Monday, August 22 to “Neutral” rating. The company was downgraded on Friday, August 7 by Zacks. JP Morgan upgraded it to “Neutral” rating and $32 target in Tuesday, February 9 report.

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