90,000 Shares in Atotech Limited (NYSE:ATC) Acquired by MYDA Advisors LLC

MYDA Advisors LLC purchased a new position in Atotech Limited (NYSE:ATC) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 90,000 shares of the company’s stock, valued at approximately $1,823,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. UBS Group AG acquired a new stake in shares of Atotech in the 1st quarter worth approximately $71,000. Sei Investments Co. acquired a new stake in Atotech during the 1st quarter valued at $958,000. Teacher Retirement System of Texas acquired a new stake in Atotech during the 1st quarter valued at $4,050,000. Royce & Associates LP acquired a new stake in Atotech during the 1st quarter valued at $9,435,000. Finally, BlackRock Inc. acquired a new stake in Atotech during the 1st quarter valued at $26,404,000. Institutional investors and hedge funds own 92.98% of the company’s stock.

NYSE ATC traded up $1.54 during trading hours on Friday, hitting $25.24. The company had a trading volume of 60,330 shares, compared to its average volume of 428,011. Atotech Limited has a fifty-two week low of $17.00 and a fifty-two week high of $24.95. The stock has a market cap of $4.91 billion and a P/E ratio of -5.39. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.64 and a quick ratio of 1.27. The business’s 50 day moving average is $22.55.

Atotech (NYSE:ATC) last announced its quarterly earnings results on Monday, May 3rd. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.64). The company had revenue of $353.10 million during the quarter, compared to analysts’ expectations of $331.61 million. Atotech’s quarterly revenue was up 24.9% compared to the same quarter last year. As a group, equities analysts predict that Atotech Limited will post 0.67 EPS for the current fiscal year.

A number of equities research analysts have commented on the company. Jefferies Financial Group began coverage on Atotech in a report on Monday, March 8th. They set a “buy” rating and a $26.00 target price on the stock. Barclays began coverage on Atotech in a research note on Monday, March 8th. They set an “equal weight” rating and a $23.00 price target on the stock. Bank of America started coverage on Atotech in a research note on Monday, March 1st. They set a “buy” rating and a $23.00 price target on the stock. Royal Bank of Canada started coverage on Atotech in a research report on Monday, March 1st. They issued an “outperform” rating and a $23.00 target price on the stock. Finally, JPMorgan Chase & Co. started coverage on Atotech in a research report on Monday, March 1st. They issued an “overweight” rating and a $23.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $23.57.

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.

See Also: Systematic Risk

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Institutional Ownership by Quarter for Atotech (NYSE:ATC)

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