Peak Asset Management LLC acquired a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,535 shares of the company’s stock, valued at approximately $2,767,000.
Several other hedge funds have also recently made changes to their positions in MKGAF. Frazier Financial Advisors LLC bought a new position in shares of Merck KGaA in the 2nd quarter valued at about $25,000. Rakuten Securities Inc. bought a new stake in shares of Merck KGaA in the 2nd quarter valued at approximately $27,000. Solstein Capital LLC purchased a new position in shares of Merck KGaA during the 2nd quarter worth about $33,000. Burk Holdings LLC bought a new position in shares of Merck KGaA during the second quarter valued at approximately $39,000. Finally, Bard Associates Inc. purchased a new stake in Merck KGaA in the second quarter worth $60,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Stock Up 0.1%
Shares of OTCMKTS MKGAF opened at $163.45 on Tuesday. Merck KGaA has a 52-week low of $116.68 and a 52-week high of $175.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. The stock has a 50 day moving average price of $162.78 and a 200 day moving average price of $148.59. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of 24.95 and a beta of 0.96.
Merck KGaA 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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