Redwood Investment Management LLC bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,933 shares of the company’s stock, valued at approximately $634,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gables Capital Management Inc. acquired a new position in Merck KGaA during the 2nd quarter worth approximately $2,095,000. Diversify Advisory Services LLC acquired a new stake in Merck KGaA in the second quarter valued at approximately $3,810,000. Danske Bank A S acquired a new stake in Merck KGaA in the second quarter valued at approximately $276,535,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Merck KGaA during the second quarter valued at approximately $25,541,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of Merck KGaA during the second quarter valued at approximately $523,000. 0.10% of the stock is owned by institutional investors.
Merck KGaA Price Performance
Shares of OTCMKTS:MKGAF opened at $158.15 on Friday. Merck KGaA has a twelve month low of $116.68 and a twelve month high of $175.56. The stock’s 50 day moving average is $163.21 and its 200-day moving average is $148.95. 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 firm has a market capitalization of $20.44 billion, a price-to-earnings ratio of 24.14 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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