Ieq Capital LLC purchased a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 799,214 shares of the company’s stock, valued at approximately $102,699,000.
Other hedge funds also recently made changes to their positions in the company. Danske Bank A S purchased a new position in Merck KGaA during the 2nd quarter worth approximately $276,535,000. Great Lakes Advisors LLC purchased a new position in Merck KGaA in the 2nd quarter valued at $183,444,000. Tocqueville Asset Management L.P. acquired a new position in shares of Merck KGaA during the second quarter worth about $57,546,000. B. Metzler seel. Sohn & Co. AG acquired a new position in Merck KGaA during the 2nd quarter worth approximately $56,952,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Merck KGaA during the second quarter worth $51,346,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Performance
Shares of MKGAF opened at $163.21 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $162.62 and a 200-day simple moving average of $148.46. Merck KGaA has a 52-week low of $116.68 and a 52-week high of $175.56. The company has a market capitalization of $21.09 billion, a PE ratio of 24.92 and a beta of 0.96.
Merck KGaA Company Profile
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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