Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Atotech Limited (NYSE:ATC) by 393.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 520,434 shares of the company’s stock after purchasing an additional 414,934 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Atotech were worth $12,568,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Atotech by 20.4% during the 2nd quarter. Royal Bank of Canada now owns 8,040 shares of the company’s stock valued at $205,000 after purchasing an additional 1,362 shares during the period. Sphinx Trading LP acquired a new stake in shares of Atotech in the 3rd quarter valued at approximately $242,000. SG Americas Securities LLC acquired a new stake in shares of Atotech in the 3rd quarter valued at approximately $350,000. Tudor Investment Corp Et Al acquired a new stake in shares of Atotech in the 2nd quarter valued at approximately $513,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Atotech in the 2nd quarter valued at approximately $609,000. Institutional investors own 94.57% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Atotech from a “hold” rating to a “sell” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Atotech has an average rating of “Hold” and a consensus target price of $24.80.
Atotech (NYSE:ATC) last announced its earnings results on Monday, November 8th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.17). The company had revenue of $383.00 million for the quarter, compared to analyst estimates of $372.87 million. Atotech had a positive return on equity of 4.43% and a negative net margin of 0.01%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.25) earnings per share. On average, analysts predict that Atotech Limited will post 1.03 earnings per share for the current year.
Atotech Company Profile
Atotech Limited, a chemicals technology company, provides specialty electroplating and surface finishing solutions worldwide. The company operates in two segments, Electronics (EL) and General Metal Finishing (GMF). The EL segment manufactures and supplies chemistry, production equipment, and services to the electronics industry, which include printed circuit board manufacturers, package substrate makers, and semiconductor companies.
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