Corient Private Wealth LP acquired a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,683,612 shares of the company’s stock, valued at approximately $322,538,000.
A number of other hedge funds have also bought and sold shares of the business. Frazier Financial Advisors LLC bought a new stake in Merck KGaA during the 2nd quarter valued at $25,000. Rakuten Securities Inc. bought a new position in shares of Merck KGaA in the second quarter worth $27,000. Delos Wealth Advisors LLC bought a new position in shares of Merck KGaA in the second quarter worth $33,000. Solstein Capital LLC purchased a new position in shares of Merck KGaA in the second quarter valued at $33,000. Finally, Burk Holdings LLC purchased a new position in shares of Merck KGaA in the second quarter valued at $39,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Stock Performance
OTCMKTS:MKGAF opened at $164.58 on Thursday. The business’s fifty day moving average is $163.19 and its 200 day moving average is $148.83. The firm has a market cap of $21.27 billion, a price-to-earnings ratio of 25.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. Merck KGaA has a 52-week low of $116.68 and a 52-week high of $175.56.
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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