Vega Investment Solutions Purchases New Holdings in Merck KGaA $MKGAF

Vega Investment Solutions acquired a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 20,102 shares of the company’s stock, valued at approximately $2,583,000.

A number of other hedge funds have also made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new position in shares of Merck KGaA in the second quarter valued at approximately $25,000. Rakuten Securities Inc. purchased a new stake in shares of Merck KGaA during the second quarter worth approximately $27,000. Solstein Capital LLC purchased a new stake in shares of Merck KGaA during the second quarter worth approximately $33,000. Burk Holdings LLC acquired a new position in Merck KGaA in the 2nd quarter valued at $39,000. Finally, Bard Associates Inc. acquired a new position in Merck KGaA in the 2nd quarter valued at $60,000. Institutional investors and hedge funds own 0.10% of the company’s stock.

Merck KGaA Trading Up 0.1%

Shares of MKGAF stock opened at $163.45 on Tuesday. Merck KGaA has a fifty-two week low of $116.68 and a fifty-two 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’s fifty day moving average is $162.78 and its two-hundred day moving average is $148.59. The firm has a market capitalization of $21.12 billion, a P/E ratio of 24.95 and a beta of 0.96.

Merck KGaA Company Profile

(Free Report)

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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