Coastal Bridge Advisors LLC purchased a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,141 shares of the company’s stock, valued at approximately $2,717,000.
A number of other institutional investors have also recently added to or reduced their stakes in MKGAF. Public Employees Retirement System of Ohio purchased a new position in Merck KGaA in the 2nd quarter valued at about $125,790,000. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Merck KGaA during the second quarter worth about $4,896,000. Triton Financial Group Inc purchased a new stake in shares of Merck KGaA during the second quarter worth about $1,777,000. Redwood Investment Management LLC purchased a new stake in shares of Merck KGaA during the second quarter worth about $634,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Merck KGaA in the second quarter worth about $369,000. Institutional investors and hedge funds own 0.10% of the company’s stock.
Merck KGaA Trading Down 3.9%
Shares of MKGAF opened at $158.15 on Friday. The company has a market capitalization of $20.44 billion, a P/E ratio of 24.14 and a beta of 0.96. Merck KGaA has a one year low of $116.68 and a one year 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 $163.21 and a 200 day moving average price of $148.95.
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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