PCM Encore LLC acquired a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 17,958 shares of the company’s stock, valued at approximately $2,308,000.
Other hedge funds have also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in Merck KGaA in the 2nd quarter valued at approximately $25,000. Addison Advisors LLC purchased a new stake in Merck KGaA in the second quarter valued at approximately $90,000. Comprehensive Financial Planning Inc. PA acquired a new position in Merck KGaA during the second quarter worth $134,000. Stevens Capital Partners acquired a new position in Merck KGaA during the second quarter worth $220,000. Finally, United Bank purchased a new position in shares of Merck KGaA during the second quarter worth $248,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Down 0.9%
Shares of OTCMKTS MKGAF opened at $162.12 on Friday. Merck KGaA has a twelve month low of $116.68 and a twelve month high of $175.56. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $162.47 and a 200-day simple moving average of $148.35. The stock has a market capitalization of $20.95 billion, a PE ratio of 24.75 and a beta of 0.96.
About Merck KGaA
Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.
The company’s operations are organized mainly into three businesses.
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